AHL Partners LLP boosted its stake in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 72.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,376 shares of the company’s stock after buying an additional 149,247 shares during the quarter. AHL Partners LLP owned 0.66% of American Outdoor Brands Corporation worth $7,853,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AOBC. Nationwide Fund Advisors purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $681,000. Russell Investments Group Ltd. acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $1,283,000. Great West Life Assurance Co. Can acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $105,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $815,000. Finally, First Trust Advisors LP purchased a new stake in shares of American Outdoor Brands Corporation in the 1st quarter valued at approximately $459,000. 72.53% of the stock is owned by institutional investors.

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A number of research firms have recently issued reports on AOBC. Wedbush raised shares of American Outdoor Brands Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $16.00 to $19.50 in a research note on Monday, September 25th. Aegis reaffirmed a “buy” rating and set a $23.00 price objective on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Craig Hallum reiterated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Finally, Forward View upgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands Corporation currently has a consensus rating of “Hold” and a consensus price target of $19.68.

American Outdoor Brands Corporation (NASDAQ:AOBC) traded up 0.74% during trading on Wednesday, hitting $16.24. 413,531 shares of the company’s stock traded hands. American Outdoor Brands Corporation has a 12-month low of $13.28 and a 12-month high of $28.57. The stock has a market cap of $876.99 million, a P/E ratio of 10.21 and a beta of -0.02. The firm’s 50-day moving average price is $16.20 and its 200 day moving average price is $20.22.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was down 37.7% on a year-over-year basis. Analysts anticipate that American Outdoor Brands Corporation will post $1.14 earnings per share for the current fiscal year.

American Outdoor Brands Corporation 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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Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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