Allianz Asset Management GmbH reduced its stake in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 33.8% during the 1st quarter, Holdings Channel reports. The firm owned 33,847 shares of the company’s stock after selling 17,289 shares during the quarter. Allianz Asset Management GmbH’s holdings in American Outdoor Brands were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AOBC. A.R.T. Advisors LLC acquired a new position in American Outdoor Brands in the first quarter valued at approximately $310,000. Knott David M acquired a new position in American Outdoor Brands in the first quarter valued at approximately $3,406,000. Landscape Capital Management L.L.C. lifted its holdings in American Outdoor Brands by 108.1% in the first quarter. Landscape Capital Management L.L.C. now owns 180,562 shares of the company’s stock valued at $1,863,000 after acquiring an additional 93,777 shares during the last quarter. GSA Capital Partners LLP acquired a new position in American Outdoor Brands in the first quarter valued at approximately $186,000. Finally, Quantbot Technologies LP lifted its holdings in American Outdoor Brands by 104.0% in the first quarter. Quantbot Technologies LP now owns 41,899 shares of the company’s stock valued at $432,000 after acquiring an additional 21,362 shares during the last quarter. Institutional investors and hedge funds own 68.35% of the company’s stock.

A number of research analysts recently commented on AOBC shares. ValuEngine cut American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BidaskClub upgraded American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 20th. Zacks Investment Research upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Lake Street Capital upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $13.00 in a report on Thursday, April 12th. Finally, Cowen cut American Outdoor Brands from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Thursday, June 21st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.17.

American Outdoor Brands opened at $9.43 on Tuesday, according to MarketBeat. The company has a market capitalization of $515.95 million, a P/E ratio of 20.50 and a beta of -0.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 2.69. American Outdoor Brands Corp has a one year low of $8.32 and a one year high of $19.84.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Wednesday, June 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $172.00 million for the quarter, compared to analyst estimates of $166.83 million. American Outdoor Brands had a return on equity of 6.27% and a net margin of 3.32%. The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. analysts anticipate that American Outdoor Brands Corp will post 0.54 EPS for the current year.

American Outdoor Brands Company Profile

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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

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