Outdoor Holding Company $POWW Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in shares of Outdoor Holding Company (NASDAQ:POWW) by 5.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,919,370 shares of the company’s stock after acquiring an additional 99,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Outdoor were worth $2,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kanen Wealth Management LLC lifted its position in Outdoor by 130.1% in the second quarter. Kanen Wealth Management LLC now owns 8,692,000 shares of the company’s stock valued at $11,126,000 after buying an additional 4,913,730 shares during the last quarter. Balentine LLC boosted its position in Outdoor by 7.1% in the 2nd quarter. Balentine LLC now owns 17,242,857 shares of the company’s stock valued at $22,071,000 after buying an additional 1,142,857 shares during the period. Nuveen LLC acquired a new position in shares of Outdoor in the first quarter worth $376,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Outdoor during the first quarter worth $214,000. Finally, Jane Street Group LLC increased its position in shares of Outdoor by 114.4% during the first quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock worth $205,000 after acquiring an additional 79,416 shares during the period. 26.40% of the stock is owned by institutional investors and hedge funds.

Outdoor Stock Up 0.6%

Shares of NASDAQ POWW opened at $1.63 on Friday. The business has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.48. The company has a market capitalization of $190.89 million, a price-to-earnings ratio of -5.09 and a beta of 1.20. Outdoor Holding Company has a 1 year low of $0.95 and a 1 year high of $2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.28 and a quick ratio of 3.28.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Outdoor in a report on Wednesday, October 8th. Wall Street Zen raised Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Zacks Research upgraded Outdoor from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Outdoor presently has an average rating of “Hold” and a consensus price target of $2.00.

About Outdoor

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.