Tealwood Asset Management Inc. Reduces Stock Holdings in AMMO, Inc. (NASDAQ:POWW)

Tealwood Asset Management Inc. cut its holdings in AMMO, Inc. (NASDAQ:POWW) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,335,000 shares of the company’s stock after selling 75,000 shares during the period. AMMO comprises about 1.5% of Tealwood Asset Management Inc.’s holdings, making the stock its 6th biggest position. Tealwood Asset Management Inc.’s holdings in AMMO were worth $3,669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of POWW. First Eagle Investment Management LLC boosted its stake in AMMO by 68.2% in the second quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock valued at $2,337,000 after acquiring an additional 564,002 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of AMMO by 33.6% in the 2nd quarter. Renaissance Technologies LLC now owns 589,400 shares of the company’s stock worth $990,000 after purchasing an additional 148,100 shares during the period. Stratos Investment Management LLC purchased a new position in AMMO in the third quarter valued at approximately $143,000. Barclays PLC grew its holdings in AMMO by 270.0% during the third quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after purchasing an additional 85,738 shares during the period. Finally, Watts Gwilliam & Co. LLC purchased a new stake in AMMO in the third quarter worth $53,000. 26.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price target on AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, September 27th.

AMMO Price Performance

NASDAQ POWW opened at $1.38 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $163.88 million, a PE ratio of -6.57 and a beta of 0.39. AMMO, Inc. has a 52 week low of $0.95 and a 52 week high of $2.94. The firm’s 50-day simple moving average is $1.18 and its two-hundred day simple moving average is $1.38.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.