Fisher Asset Management LLC Takes Position in Outdoor Holding Company $POWW

Fisher Asset Management LLC acquired a new stake in shares of Outdoor Holding Company (NASDAQ:POWW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,574,625 shares of the company’s stock, valued at approximately $2,693,000. Fisher Asset Management LLC owned 1.34% of Outdoor at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Outdoor in the fourth quarter valued at $32,000. Capital Investment Counsel Inc bought a new stake in Outdoor in the fourth quarter valued at $38,000. SG Americas Securities LLC bought a new stake in Outdoor in the fourth quarter valued at $36,000. Millennium Management LLC bought a new stake in Outdoor in the third quarter valued at $63,000. Finally, Focus Partners Wealth grew its position in Outdoor by 5.3% in the third quarter. Focus Partners Wealth now owns 461,217 shares of the company’s stock valued at $683,000 after acquiring an additional 23,144 shares during the period. 26.40% of the stock is currently owned by institutional investors.

Outdoor Stock Performance

Shares of NASDAQ:POWW opened at $2.09 on Friday. The business’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $1.92. Outdoor Holding Company has a fifty-two week low of $1.08 and a fifty-two week high of $2.23. The stock has a market capitalization of $245.14 million, a price-to-earnings ratio of 52.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.00 and a quick ratio of 4.00.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Outdoor in a research report 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 report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.40.

Outdoor Company Profile

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.