First Eagle Investment Management LLC Increases Stock Position in AMMO, Inc. (NASDAQ:POWW)

First Eagle Investment Management LLC raised its position in AMMO, Inc. (NASDAQ:POWW) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,508,870 shares of the company’s stock after buying an additional 10,000 shares during the period. First Eagle Investment Management LLC owned about 1.27% of AMMO worth $1,660,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of POWW. Balentine LLC acquired a new position in AMMO in the 4th quarter worth about $17,622,000. Sapient Capital LLC acquired a new position in shares of AMMO during the 4th quarter worth approximately $165,000. Barclays PLC grew its stake in AMMO by 270.0% in the 3rd quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after acquiring an additional 85,738 shares during the period. Tuttle Capital Management LLC acquired a new stake in AMMO in the 4th quarter valued at $33,000. Finally, Empowered Funds LLC increased its holdings in AMMO by 5.1% in the 4th quarter. Empowered Funds LLC now owns 600,757 shares of the company’s stock worth $661,000 after acquiring an additional 29,217 shares in the last quarter. 26.40% of the stock is owned by hedge funds and other institutional investors.

AMMO Stock Performance

POWW opened at $1.46 on Monday. The company has a market cap of $173.39 million, a price-to-earnings ratio of -6.95 and a beta of 0.50. The firm’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.38. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.94.

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.