Brandes Investment Partners LP Has $14.23 Million Holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Brandes Investment Partners LP grew its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 933,450 shares of the company’s stock after purchasing an additional 105,951 shares during the period. Brandes Investment Partners LP owned about 7.32% of American Outdoor Brands worth $14,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AOUT. JPMorgan Chase & Co. increased its holdings in American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after buying an additional 777 shares during the last quarter. Barclays PLC acquired a new position in American Outdoor Brands during the third quarter worth $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in American Outdoor Brands during the third quarter worth $114,000. Empowered Funds LLC increased its holdings in American Outdoor Brands by 4.4% during the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after buying an additional 979 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in American Outdoor Brands by 35.0% during the third quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company’s stock worth $380,000 after buying an additional 10,065 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Price Performance

AOUT stock opened at $12.81 on Friday. The company has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $12.40. American Outdoor Brands, Inc. has a one year low of $7.45 and a one year high of $17.91. The stock has a market cap of $163.14 million, a price-to-earnings ratio of -21.71 and a beta of 0.29.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their price objective on shares of American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

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.