American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 138,336 shares of the company’s stock after buying an additional 6,092 shares during the period. Geode Capital Management LLC’s holdings in American Outdoor Brands were worth $1,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of American Outdoor Brands in the 3rd quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the 3rd quarter worth about $114,000. Sanctuary Advisors LLC acquired a new stake in American Outdoor Brands during the 2nd quarter worth approximately $259,000. State Street Corp raised its holdings in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after buying an additional 1,700 shares during the period. Finally, Renaissance Technologies LLC lifted its position in American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $15.56 on Friday. The business’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $10.09. The company has a market cap of $198.61 million, a P/E ratio of -26.37 and a beta of 0.26. American Outdoor Brands, Inc. has a one year low of $7.45 and a one year high of $16.73.

Analyst Ratings Changes

AOUT has been the subject of several recent research reports. Roth Mkm increased their price objective on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Lake Street Capital upped their price target on shares of American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.