Cetera Advisors LLC lowered its holdings in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 36.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,494 shares of the company’s stock after selling 17,799 shares during the quarter. Cetera Advisors LLC owned 0.06% of American Outdoor Brands worth $474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AOBC. Tower Research Capital LLC TRC bought a new position in shares of American Outdoor Brands during the second quarter worth about $108,000. Pacad Investment Ltd. bought a new position in shares of American Outdoor Brands during the second quarter worth about $122,000. Victory Capital Management Inc. bought a new position in shares of American Outdoor Brands during the second quarter worth about $125,000. Quantbot Technologies LP bought a new position in shares of American Outdoor Brands during the second quarter worth about $156,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of American Outdoor Brands by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after buying an additional 1,900 shares in the last quarter. 71.59% of the stock is currently owned by institutional investors.

American Outdoor Brands Corp (NASDAQ:AOBC) opened at $13.37 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93. The firm has a market capitalization of $763.01, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.55 and a beta of -0.13. American Outdoor Brands Corp has a one year low of $12.46 and a one year high of $24.49.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $142.10 million. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm’s quarterly revenue was down 36.5% on a year-over-year basis. equities research analysts predict that American Outdoor Brands Corp will post 0.61 EPS for the current year.

A number of research analysts recently issued reports on the company. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Thursday. Forward View downgraded American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 10th. Ifs Securities upgraded American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reiterated a “hold” rating and set a $11.00 price objective (down from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Finally, Craig Hallum decreased their price target on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, December 8th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.37.

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American Outdoor Brands Profile

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.

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

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