Kanen Wealth Management LLC acquired a new stake in shares of AMMO, Inc. (NASDAQ:POWW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,702,523 shares of the company's stock, valued at approximately $5,109,000. AMMO makes up 2.0% of Kanen Wealth Management LLC's portfolio, making the stock its 14th biggest position. Kanen Wealth Management LLC owned approximately 3.12% of AMMO at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Balentine LLC bought a new position in AMMO in the fourth quarter valued at about $17,622,000. Geode Capital Management LLC increased its stake in shares of AMMO by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,088,262 shares of the company's stock valued at $2,297,000 after buying an additional 20,902 shares during the period. First Eagle Investment Management LLC raised its holdings in AMMO by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,508,870 shares of the company's stock valued at $1,660,000 after buying an additional 10,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AMMO by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 710,700 shares of the company's stock valued at $782,000 after buying an additional 32,700 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in AMMO by 5.1% during the 4th quarter. Empowered Funds LLC now owns 600,757 shares of the company's stock worth $661,000 after buying an additional 29,217 shares during the period. Institutional investors and hedge funds own 26.40% of the company's stock.
AMMO Trading Up 12.5%
NASDAQ:POWW traded up $0.17 during trading hours on Tuesday, hitting $1.53. 1,527,682 shares of the company were exchanged, compared to its average volume of 777,960. The stock has a market capitalization of $181.68 million, a price-to-earnings ratio of -7.29 and a beta of 1.16. AMMO, Inc. has a one year low of $0.95 and a one year high of $2.55. The company has a fifty day simple moving average of $1.64 and a 200 day simple moving average of $1.49. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of AMMO from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.
Get Our Latest Analysis on AMMO
About AMMO
(
Free Report)
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.
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