Laurion Capital Management LP lifted its stake in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 78.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,301 shares of the company’s stock after buying an additional 12,481 shares during the quarter. Laurion Capital Management LP owned about 0.05% of American Outdoor Brands Corporation worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $515,000. Principal Financial Group Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $1,200,000. USA Mutuals Advisors Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $9,905,000. State Board of Administration of Florida Retirement System purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $815,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $6,009,000. Institutional investors own 72.53% of the company’s stock.

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Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 15.78 on Thursday. American Outdoor Brands Corporation has a one year low of $13.28 and a one year high of $28.57. The stock has a market cap of $852.14 million, a PE ratio of 9.78 and a beta of 0.11. The firm has a 50-day moving average of $17.43 and a 200-day moving average of $20.51.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The company’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. On average, equities research analysts expect that American Outdoor Brands Corporation will post $1.14 earnings per share for the current fiscal year.

Several brokerages recently issued reports on AOBC. Wedbush upgraded shares of American Outdoor Brands Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $16.00 to $19.50 in a research report on Monday. Aegis reiterated a “buy” rating and set a $23.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Craig Hallum reiterated a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a research report on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.68.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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