American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 271,068 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Renaissance Technologies LLC’s holdings in American Outdoor Brands were worth $2,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL lifted its holdings in American Outdoor Brands by 9.2% in the first quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock valued at $2,553,000 after acquiring an additional 24,400 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of American Outdoor Brands in the 1st quarter valued at $2,314,000. Diversified Investment Strategies LLC grew its holdings in shares of American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after purchasing an additional 30,500 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after purchasing an additional 1,400 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm boosted their price objective on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a report on Monday, September 16th.

American Outdoor Brands Stock Performance

NASDAQ:AOUT opened at $8.78 on Wednesday. American Outdoor Brands, Inc. has a fifty-two week low of $7.19 and a fifty-two week high of $10.00. The company has a 50 day moving average price of $8.94 and a 200 day moving average price of $8.61. The stock has a market capitalization of $113.22 million, a P/E ratio of -9.24 and a beta of 0.37.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.08. The business had revenue of $41.64 million during the quarter, compared to analyst estimates of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. Research analysts forecast that American Outdoor Brands, Inc. will post 0.28 earnings per share for the current fiscal year.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.