American Outdoor Brands, Inc. $AOUT Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 422.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,000 shares of the company’s stock after purchasing an additional 136,680 shares during the quarter. Corient Private Wealth LLC owned about 1.34% of American Outdoor Brands worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AOUT. Comerica Bank grew 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 acquiring an additional 2,350 shares during the period. Bank of America Corp DE boosted its stake in shares of American Outdoor Brands by 505.6% during the 2nd quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after acquiring an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Outdoor Brands by 4,535.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock worth $62,000 after acquiring an additional 5,806 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of American Outdoor Brands in the 2nd quarter worth approximately $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Outdoor Brands in the 2nd quarter worth approximately $70,000. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Lake Street Capital lifted their price objective on American Outdoor Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Wednesday, June 24th. Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Roth Mkm reiterated a “buy” rating and set a $13.50 price objective on shares of American Outdoor Brands in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.25.

American Outdoor Brands Stock Up 4.7%

AOUT opened at $12.29 on Thursday. The firm’s 50 day moving average is $9.89 and its 200-day moving average is $9.18. American Outdoor Brands, Inc. has a 52-week low of $6.26 and a 52-week high of $13.78. The firm has a market capitalization of $153.75 million, a P/E ratio of -16.84 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, June 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.14. The company had revenue of $47.06 million for the quarter, compared to analyst estimates of $48.44 million. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%. Equities analysts expect that American Outdoor Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

American Outdoor Brands Company 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.