Ancora Advisors LLC Sells 97,054 Shares of American Outdoor Brands, Inc. $AOUT

Key Points

• Ancora Advisors LLC reduced its stake in American Outdoor Brands, Inc. by 61.3% during the first quarter, selling 97,054 shares and retaining a total of 61,344 shares valued at $746,000.
• Large investors have recently modified their positions, with American Century Companies Inc. increasing its holdings by 307.6% during the same period.
• Wall Street analysts have mixed views on the stock; while Lake Street Capital maintains a buy rating with a price target of $19.00, Wall Street Zen downgraded it to a hold rating.

Ancora Advisors LLC trimmed its position in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 61.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,344 shares of the company's stock after selling 97,054 shares during the quarter. Ancora Advisors LLC owned about 0.48% of American Outdoor Brands worth $746,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AOUT. American Century Companies Inc. increased its holdings in shares of American Outdoor Brands by 307.6% in the first quarter. American Century Companies Inc. now owns 105,838 shares of the company's stock worth $1,287,000 after purchasing an additional 79,869 shares during the last quarter. Millennium Management LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter worth about $673,000. Jane Street Group LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter worth about $460,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter worth about $280,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of American Outdoor Brands in the fourth quarter worth about $168,000. 49.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AOUT. Wall Street Zen cut American Outdoor Brands from a "buy" rating to a "hold" rating in a report on Friday. Lake Street Capital reiterated a "buy" rating and issued a $19.00 price target (down previously from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, American Outdoor Brands currently has a consensus rating of "Buy" and a consensus price target of $15.00.

American Outdoor Brands Price Performance

NASDAQ:AOUT opened at $8.52 on Friday. The firm has a market capitalization of $108.72 million, a price-to-earnings ratio of -23.03 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 business has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $11.41.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.15. The business had revenue of $61.94 million during the quarter, compared to analyst estimates of $48.46 million. American Outdoor Brands had a positive return on equity of 1.97% and a negative net margin of 2.16%. As a group, analysts expect that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current fiscal year.

About American Outdoor Brands

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.

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