Brandes Investment Partners LP Acquires 116,971 Shares of American Outdoor Brands, Inc. $AOUT

Brandes Investment Partners LP increased its position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 6.6% during the fourth quarter, HoldingsChannel reports. The fund owned 1,887,645 shares of the company’s stock after buying an additional 116,971 shares during the quarter. Brandes Investment Partners LP owned about 0.15% of American Outdoor Brands worth $14,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank grew its position in American Outdoor Brands by 203.6% during the 3rd 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 last quarter. Bank of America Corp DE grew its position in shares of American Outdoor Brands by 505.6% in the 2nd quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock valued at $56,000 after buying an additional 4,485 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of American Outdoor Brands by 4,535.9% in the 2nd 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at about $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at about $70,000. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

AOUT stock opened at $10.24 on Thursday. The stock’s 50 day simple moving average is $9.48 and its 200 day simple moving average is $8.81. American Outdoor Brands, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $13.46. The company has a market cap of $129.02 million, a P/E ratio of -13.13 and a beta of 0.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.50.

About American Outdoor Brands

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.