Fisher Asset Management LLC Makes New $2.69 Million Investment in Outdoor Holding Company $POWW

Fisher Asset Management LLC acquired a new position in Outdoor Holding Company (NASDAQ:POWW) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,574,625 shares of the company’s stock, valued at approximately $2,693,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in Outdoor by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock worth $27,000 after purchasing an additional 9,283 shares in the last quarter. Geode Capital Management LLC boosted its stake in Outdoor by 0.6% in the second quarter. Geode Capital Management LLC now owns 2,134,270 shares of the company’s stock worth $2,733,000 after purchasing an additional 11,729 shares in the last quarter. Focus Partners Wealth boosted its stake in Outdoor by 2.5% in the first quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock worth $753,000 after purchasing an additional 13,130 shares in the last quarter. R Squared Ltd acquired a new position in Outdoor in the fourth quarter worth $32,000. Finally, Squarepoint Ops LLC acquired a new position in Outdoor in the third quarter worth $27,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on POWW shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Outdoor in a research note on Friday, May 8th. Roth Mkm upped their price target on Outdoor from $2.25 to $2.30 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Outdoor currently has an average rating of “Hold” and an average price target of $2.40.

Outdoor Stock Performance

Shares of POWW opened at $2.09 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.04. Outdoor Holding Company has a 12-month low of $1.08 and a 12-month high of $2.23. The firm has a market capitalization of $245.14 million, a PE ratio of 52.25 and a beta of 1.06. The stock’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $1.92.

About Outdoor

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.