Caption Management LLC Sells 48,217 Shares of American Outdoor Brands, Inc. $AOUT

Key Points

• Caption Management LLC sold 48,217 shares of American Outdoor Brands, reducing their stake by 33.6%, leaving them with 95,183 shares valued at approximately $1.16 million.
• Several institutional investors, including Bank of America Corp DE, drastically increased their stakes in American Outdoor Brands, with Bank of America raising its holding by an impressive 1,469.5% in the last quarter.
• Brokerage firms have upgraded American Outdoor Brands' stock, with a consensus price target of $15.00 and a majority rating it as "Buy".

Caption Management LLC decreased its position in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 33.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,183 shares of the company's stock after selling 48,217 shares during the quarter. Caption Management LLC owned 0.75% of American Outdoor Brands worth $1,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC raised its stake in shares of American Outdoor Brands by 5.7% in the 4th quarter. Ancora Advisors LLC now owns 158,398 shares of the company's stock valued at $2,414,000 after purchasing an additional 8,500 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of American Outdoor Brands by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company's stock valued at $1,773,000 after purchasing an additional 979 shares during the period. American Century Companies Inc. raised its stake in shares of American Outdoor Brands by 307.6% in the 1st quarter. American Century Companies Inc. now owns 105,838 shares of the company's stock valued at $1,287,000 after purchasing an additional 79,869 shares during the period. Gabelli Funds LLC raised 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. Finally, Millennium Management LLC acquired a new stake in shares of American Outdoor Brands in the 4th quarter valued at about $673,000. Institutional investors and hedge funds own 49.87% of the company's stock.

American Outdoor Brands Trading Up 1.4%

Shares of NASDAQ AOUT traded up $0.14 during mid-day trading on Wednesday, hitting $10.24. The company had a trading volume of 31,126 shares, compared to its average volume of 42,834. The company has a market capitalization of $130.66 million, a PE ratio of -1,022.98 and a beta of 0.39. The firm has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $11.52. American Outdoor Brands, Inc. has a one year low of $8.14 and a one year high of $17.91.

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 for the quarter, beating the consensus estimate of ($0.02) by $0.15. American Outdoor Brands had a positive return on equity of 4.13% and a negative net margin of 0.03%.The company had revenue of $61.94 million during the quarter, compared to analysts' expectations of $48.46 million. Sell-side analysts expect that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Lake Street Capital reissued a "buy" rating and issued a $19.00 price target (down previously from $20.00) on shares of American Outdoor Brands in a research note on Friday, June 27th. Wall Street Zen upgraded American Outdoor Brands from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $15.00.

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.