Outdoor Holding Company $POWW Stake Boosted by Kanen Wealth Management LLC

Key Points

• Kanen Wealth Management LLC increased its stake in Outdoor Holding Company (NASDAQ:POWW) by 130.1% during Q2, now owning 8,692,000 shares worth approximately $11.1 million.
• Multiple institutions have also boosted their investments in Outdoor, with Deutsche Bank increasing its stake by a staggering 611.4% in Q4, following significant purchases by other firms.
• Outdoor stock recently gained 2.1%, with a current market cap of $172.15 million and a consensus rating of "Hold" with a target price of $1.75.

Kanen Wealth Management LLC boosted its stake in Outdoor Holding Company (NASDAQ:POWW - Free Report) by 130.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,692,000 shares of the company's stock after purchasing an additional 4,913,730 shares during the period. Outdoor comprises 4.2% of Kanen Wealth Management LLC's investment portfolio, making the stock its 10th largest position. Kanen Wealth Management LLC owned 7.42% of Outdoor worth $11,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of POWW. Bank of America Corp DE increased its stake in Outdoor by 14.0% in the 4th quarter. Bank of America Corp DE now owns 213,196 shares of the company's stock worth $235,000 after purchasing an additional 26,256 shares during the period. Deutsche Bank AG increased its stake in Outdoor by 611.4% in the 4th quarter. Deutsche Bank AG now owns 233,609 shares of the company's stock worth $257,000 after purchasing an additional 200,771 shares during the period. Nuveen Asset Management LLC increased its stake in Outdoor by 29.0% in the 4th quarter. Nuveen Asset Management LLC now owns 272,165 shares of the company's stock worth $299,000 after purchasing an additional 61,136 shares during the period. ProShare Advisors LLC increased its stake in Outdoor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after purchasing an additional 8,312 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Outdoor by 53.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 131,720 shares of the company's stock worth $182,000 after purchasing an additional 46,040 shares during the period. 26.40% of the stock is owned by hedge funds and other institutional investors.

Outdoor Trading Up 2.1%

Outdoor stock opened at $1.47 on Tuesday. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $1.45. Outdoor Holding Company has a 12 month low of $0.95 and a 12 month high of $2.14. The company has a market capitalization of $172.15 million, a price-to-earnings ratio of -3.20 and a beta of 1.19.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research raised Outdoor from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Wall Street Zen raised Outdoor from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Lake Street Capital reduced their target price on Outdoor from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $1.75.

Outdoor 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.

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