American Outdoor Brands, Inc. $AOUT Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 422.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 169,000 shares of the company’s stock after buying an additional 136,680 shares during the period. Corient Private Wealth LLC’s holdings in American Outdoor Brands were worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Comerica Bank raised its position in American Outdoor Brands by 203.6% in the third quarter. Comerica Bank now owns 3,504 shares of the company’s stock worth $30,000 after acquiring an additional 2,350 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of American Outdoor Brands by 505.6% in the 2nd quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after purchasing an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock worth $62,000 after purchasing an additional 5,806 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in American Outdoor Brands during the second quarter valued at approximately $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Outdoor Brands during the second quarter valued at approximately $70,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Stock Performance

Shares of AOUT opened at $12.29 on Thursday. The firm has a market cap of $153.75 million, a PE ratio of -16.84 and a beta of 0.27. The firm’s 50 day moving average price is $9.89 and its 200 day moving average price is $9.18. American Outdoor Brands, Inc. has a twelve month low of $6.26 and a twelve month high of $13.78.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, June 25th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.14. American Outdoor Brands had a negative net margin of 4.83% and a positive return on equity of 0.67%. The firm had revenue of $47.06 million for the quarter, compared to the consensus estimate of $48.44 million. On average, sell-side analysts anticipate that American Outdoor Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Wednesday, June 24th. Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Lake Street Capital upped their target price on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $13.50 price target on shares of American Outdoor Brands in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.25.

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.