Royce & Associates LP Sells 66,794 Shares of American Outdoor Brands, Inc. $AOUT

Royce & Associates LP cut its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 7.8% in the 4th quarter, Holdings Channel reports. The firm owned 792,439 shares of the company’s stock after selling 66,794 shares during the period. Royce & Associates LP owned 0.06% of American Outdoor Brands worth $6,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AOUT. Geode Capital Management LLC lifted its stake in American Outdoor Brands by 104.7% during the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock worth $3,070,000 after purchasing an additional 150,202 shares during the last quarter. Argos Wealth Advisors LLC acquired a new position in shares of American Outdoor Brands during the fourth quarter worth $975,000. Teton Advisors LLC acquired a new position in shares of American Outdoor Brands during the third quarter worth $1,007,000. Jane Street Group LLC increased its holdings in shares of American Outdoor Brands by 76.5% during the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $647,000 after buying an additional 23,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of American Outdoor Brands by 58.7% during the first quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company’s stock worth $731,000 after buying an additional 22,232 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.50.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $10.14 on Friday. The company has a fifty day moving average of $9.27 and a 200-day moving average of $8.60. The company has a market capitalization of $127.72 million, a PE ratio of -13.00 and a beta of 0.28. American Outdoor Brands, Inc. has a 52-week low of $6.26 and a 52-week high of $13.46.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.