Jefferies Group LLC bought a new stake in American Outdoor Brands Corp (NASDAQ:AOBC) during the 4th quarter, Holdings Channel reports. The firm bought 29,490 shares of the company’s stock, valued at approximately $379,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in American Outdoor Brands during the fourth quarter worth about $1,114,000. Geode Capital Management LLC boosted its holdings in American Outdoor Brands by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 515,378 shares of the company’s stock worth $6,617,000 after purchasing an additional 22,050 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in American Outdoor Brands during the fourth quarter worth about $902,000. Virtu Financial LLC purchased a new position in American Outdoor Brands during the fourth quarter worth about $556,000. Finally, Royce & Associates LP boosted its holdings in American Outdoor Brands by 26.1% during the fourth quarter. Royce & Associates LP now owns 429,588 shares of the company’s stock worth $5,516,000 after purchasing an additional 88,923 shares during the last quarter. Institutional investors and hedge funds own 74.85% of the company’s stock.
AOBC stock opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.13 and a quick ratio of 1.38. The firm has a market cap of $544.01, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.04. American Outdoor Brands Corp has a 52 week low of $8.32 and a 52 week high of $24.49.
Several research analysts recently weighed in on the stock. Ifs Securities upgraded shares of American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a report on Friday, December 8th. They noted that the move was a valuation call. ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wedbush set a $20.00 price target on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Friday, December 8th. Forward View cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 10th. Finally, BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.00.
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American Outdoor Brands Company Profile
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.
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