Acadian Asset Management LLC Has $1.91 Million Stock Holdings in American Outdoor Brands, Inc. $AOUT

Key Points

• Acadian Asset Management LLC increased its holdings in American Outdoor Brands by 82.4% during Q1, reaching a total of 157,704 shares valued at approximately $1.91 million.
• American Outdoor Brands reported a quarterly EPS of $0.13, exceeding analysts' expectations of a loss, with revenue of $61.94 million compared to an estimated $48.46 million.
• Analysts provide mixed ratings on the stock, with consensus now at "Buy" and a price target of $19.00, though Wall Street Zen recently downgraded it from "buy" to "hold".

Acadian Asset Management LLC grew its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 82.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,704 shares of the company's stock after acquiring an additional 71,229 shares during the quarter. Acadian Asset Management LLC owned 1.24% of American Outdoor Brands worth $1,913,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in American Outdoor Brands by 76.5% during the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company's stock worth $647,000 after purchasing an additional 23,070 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of American Outdoor Brands by 8.4% during the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the company's stock valued at $309,000 after acquiring an additional 1,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of American Outdoor Brands by 58.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company's stock valued at $731,000 after acquiring an additional 22,232 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in American Outdoor Brands during the 1st quarter worth about $163,000. Finally, Gabelli Funds LLC lifted its stake in shares of American Outdoor Brands by 9.4% in the 1st quarter. Gabelli Funds LLC now owns 69,756 shares of the company's stock valued at $848,000 after purchasing an additional 6,020 shares during the period. 49.87% of the stock is owned by institutional investors and hedge funds.

American Outdoor Brands Stock Up 0.3%

Shares of AOUT traded up $0.03 during trading hours on Friday, reaching $8.95. The company's stock had a trading volume of 189,995 shares, compared to its average volume of 83,436. The firm has a market cap of $113.31 million, a price-to-earnings ratio of -24.19 and a beta of 0.39. American Outdoor Brands, Inc. has a 1-year low of $8.10 and a 1-year high of $17.91. The company has a 50 day moving average of $9.50 and a two-hundred day moving average of $10.91.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.15. The business had revenue of $61.94 million for the quarter, compared to the consensus estimate of $48.46 million. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 2.00%. As a group, analysts forecast that American Outdoor Brands, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen lowered American Outdoor Brands from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Lake Street Capital reissued a "buy" rating and set a $19.00 price objective (down previously from $20.00) on shares of American Outdoor Brands in a report on Friday, June 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, American Outdoor Brands has an average rating of "Buy" and an average target price of $19.00.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.