American Outdoor Brands, Inc. $AOUT Shares Bought by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 357.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,844 shares of the company’s stock after buying an additional 58,466 shares during the quarter. Susquehanna International Group LLP owned about 0.59% of American Outdoor Brands worth $879,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in American Outdoor Brands in the second quarter valued at $3,270,000. Geode Capital Management LLC lifted its holdings in shares of American Outdoor Brands by 104.7% in the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after purchasing an additional 150,202 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock valued at $1,306,000 after purchasing an additional 136,680 shares during the period. Argos Wealth Advisors LLC acquired a new stake in shares of American Outdoor Brands in the 4th quarter valued at about $975,000. Finally, Brandes Investment Partners LP grew its stake in American Outdoor Brands by 6.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company’s stock worth $14,591,000 after buying an additional 116,971 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

Shares of AOUT opened at $10.38 on Monday. American Outdoor Brands, Inc. has a twelve month low of $6.26 and a twelve month high of $14.97. The stock’s 50 day moving average is $12.51 and its two-hundred day moving average is $10.40. The firm has a market capitalization of $131.00 million, a PE ratio of -14.22 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results on Thursday, June 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14. The business had revenue of $47.06 million during the quarter, compared to the consensus estimate of $48.44 million. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%. On average, sell-side analysts predict that American Outdoor Brands, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Lake Street Capital boosted their price objective on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Zacks Research downgraded shares of American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Roth Capital reiterated a “buy” rating and set a $13.50 price target on shares of American Outdoor Brands in a research note on Friday, June 26th. Finally, Wall Street Zen raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.