Informed Momentum Co LLC Sells 38,431 Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT)

Key Points

• Informed Momentum Co LLC reduced its holdings in American Outdoor Brands by 52.2%, selling 38,431 shares, leaving them with approximately 35,182 shares valued at $428,000.
• Several hedge funds, including Envestnet Asset Management and Renaissance Technologies, have either increased their stakes or initiated new investments in American Outdoor Brands over the last quarter.
• American Outdoor Brands reported an earnings per share (EPS) of $0.13 for the last quarter, surpassing expectations and reflecting a positive outlook with a revenue of $61.94 million.

Informed Momentum Co LLC lowered its position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 52.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,182 shares of the company's stock after selling 38,431 shares during the period. Informed Momentum Co LLC owned about 0.28% of American Outdoor Brands worth $428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of American Outdoor Brands by 10.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company's stock worth $323,000 after buying an additional 2,087 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of American Outdoor Brands by 22.3% in the 4th quarter. Renaissance Technologies LLC now owns 331,768 shares of the company's stock worth $5,056,000 after buying an additional 60,600 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of American Outdoor Brands in the 4th quarter worth approximately $407,000. Gabelli Funds LLC grew its stake in shares of American Outdoor Brands by 8.5% in the 4th quarter. Gabelli Funds LLC now owns 63,736 shares of the company's stock worth $971,000 after buying an additional 5,001 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of American Outdoor Brands in the 4th quarter worth approximately $1,122,000. Institutional investors own 49.87% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Lake Street Capital restated 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 research note on Saturday, July 26th.

American Outdoor Brands Trading Up 6.4%

Shares of AOUT opened at $9.75 on Thursday. The business's fifty day simple moving average is $10.26 and its two-hundred day simple moving average is $12.24. American Outdoor Brands, Inc. has a 12 month low of $8.14 and a 12 month high of $17.91. The company has a market cap of $124.41 million, a price-to-earnings ratio of -974.03 and a beta of 0.38.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its earnings results on Thursday, June 26th. The company reported $0.13 EPS 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 business had revenue of $61.94 million for the quarter, compared to the consensus estimate of $48.46 million. As a group, research analysts forecast that American Outdoor Brands, Inc. will post 0.36 EPS for the current year.

American Outdoor Brands 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.

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