Susquehanna International Group LLP Grows Stock Holdings in American Outdoor Brands, Inc. $AOUT

Susquehanna International Group LLP boosted its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 357.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 74,844 shares of the company’s stock after purchasing an additional 58,466 shares during the quarter. Susquehanna International Group LLP’s holdings in American Outdoor Brands were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AOUT. Fifth Third Bancorp acquired a new stake in shares of American Outdoor Brands in the 1st quarter worth approximately $30,000. Comerica Bank raised its holdings in American Outdoor Brands by 203.6% during the third quarter. Comerica Bank now owns 3,504 shares of the company’s stock worth $30,000 after purchasing an additional 2,350 shares during the last quarter. Bank of America Corp DE boosted its position in American Outdoor Brands by 505.6% during the second quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after purchasing an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands by 4,535.9% in the second quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after buying an additional 5,806 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of American Outdoor Brands during the 2nd quarter worth $64,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AOUT. Roth Capital restated a “buy” rating and set a $13.50 target price on shares of American Outdoor Brands in a report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Lake Street Capital raised their price objective on shares of American Outdoor Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Zacks Research lowered American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Outdoor Brands has a consensus rating of “Hold” and an average target price of $14.25.

American Outdoor Brands Price Performance

NASDAQ:AOUT opened at $10.38 on Monday. The firm has a market cap of $131.00 million, a PE ratio of -14.22 and a beta of 0.29. The firm has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $10.40. American Outdoor Brands, Inc. has a 1-year low of $6.26 and a 1-year high of $14.97.

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

American Outdoor Brands Profile

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.