American Outdoor Brands Corporation (AOBC) Shares Sold by Advisor Group Inc.

Advisor Group Inc. lessened its holdings in American Outdoor Brands Corporation (NASDAQ:AOBC) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,136 shares of the company’s stock after selling 14,920 shares during the period. Advisor Group Inc. owned 0.06% of American Outdoor Brands Corporation worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp increased its position in American Outdoor Brands Corporation by 5.2% during the 2nd quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock worth $17,447,000 after buying an additional 38,968 shares during the period. Stifel Financial Corp increased its position in American Outdoor Brands Corporation by 5.1% during the 2nd quarter. Stifel Financial Corp now owns 147,747 shares of the company’s stock worth $3,359,000 after buying an additional 7,231 shares during the period. Midas Management Corp bought a new position in American Outdoor Brands Corporation during the 2nd quarter worth $448,000. State Street Corp increased its position in American Outdoor Brands Corporation by 3.3% during the 1st quarter. State Street Corp now owns 971,425 shares of the company’s stock worth $19,244,000 after buying an additional 31,360 shares during the period. Finally, Fort L.P. increased its position in American Outdoor Brands Corporation by 50.5% during the 2nd quarter. Fort L.P. now owns 273,290 shares of the company’s stock worth $6,056,000 after buying an additional 91,752 shares during the period. Institutional investors and hedge funds own 68.17% of the company’s stock.

AOBC has been the topic of several recent research reports. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Ifs Securities initiated coverage on American Outdoor Brands Corporation in a research report on Friday, September 1st. They set an “outperform” rating and a $21.00 price objective on the stock. Cowen Inc reiterated a “buy” rating and set a $19.00 price objective (down previously from $27.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Wedbush reissued a “neutral” rating and set a $16.00 target price (down from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Finally, Lake Street Capital reduced their target price on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and an average target price of $19.68.

Shares of American Outdoor Brands Corporation (AOBC) opened at $13.28 on Friday. The stock has a market capitalization of $727.94, a price-to-earnings ratio of 6.98, a PEG ratio of 0.80 and a beta of -0.14. American Outdoor Brands Corporation has a 1-year low of $12.87 and a 1-year high of $24.60. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million for the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. research analysts anticipate that American Outdoor Brands Corporation will post 1.12 earnings per share for the current year.

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American Outdoor Brands Corporation 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 Corporation (NASDAQ:AOBC)

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