Deutsche Bank AG Raises Position in AMMO, Inc. (NASDAQ:POWW)

Deutsche Bank AG grew its stake in shares of AMMO, Inc. (NASDAQ:POWW - Free Report) by 611.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 233,609 shares of the company's stock after purchasing an additional 200,771 shares during the period. Deutsche Bank AG owned about 0.20% of AMMO worth $257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JB Capital Partners LP purchased a new position in AMMO in the fourth quarter valued at approximately $605,000. Sapient Capital LLC purchased a new stake in shares of AMMO during the fourth quarter worth $165,000. Balentine LLC purchased a new stake in shares of AMMO during the fourth quarter worth $17,622,000. Voya Investment Management LLC lifted its position in shares of AMMO by 6.1% during the fourth quarter. Voya Investment Management LLC now owns 123,566 shares of the company's stock worth $136,000 after acquiring an additional 7,148 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of AMMO by 38.2% during the fourth quarter. Wells Fargo & Company MN now owns 63,169 shares of the company's stock worth $69,000 after acquiring an additional 17,467 shares in the last quarter. 26.40% of the stock is owned by institutional investors.

AMMO Stock Performance

Shares of NASDAQ:POWW traded down $0.04 during trading on Thursday, hitting $1.32. 500,255 shares of the company were exchanged, compared to its average volume of 774,673. The company has a market cap of $156.74 million, a PE ratio of -6.29 and a beta of 1.16. The stock has a 50 day moving average of $1.64 and a 200 day moving average of $1.49. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded AMMO from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

AMMO Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.