Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,441 shares of the company's stock after acquiring an additional 26,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Smith & Wesson Brands worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SWBI. Peapack Gladstone Financial Corp increased its holdings in shares of Smith & Wesson Brands by 8.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock worth $126,000 after purchasing an additional 1,018 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Smith & Wesson Brands by 5.0% during the fourth quarter. MetLife Investment Management LLC now owns 27,408 shares of the company's stock worth $277,000 after purchasing an additional 1,315 shares during the period. LPL Financial LLC boosted its holdings in shares of Smith & Wesson Brands by 3.1% during the fourth quarter. LPL Financial LLC now owns 49,661 shares of the company's stock worth $502,000 after purchasing an additional 1,482 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Smith & Wesson Brands by 45.5% during the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after purchasing an additional 1,867 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Smith & Wesson Brands by 19.5% in the fourth quarter. Larson Financial Group LLC now owns 12,161 shares of the company's stock worth $123,000 after buying an additional 1,983 shares during the period. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock traded down $0.18 during midday trading on Friday, reaching $10.51. 417,976 shares of the stock traded hands, compared to its average volume of 500,262. The stock has a market cap of $462.47 million, a P/E ratio of 13.47 and a beta of 1.01. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $16.85. The stock's fifty day moving average is $9.49 and its 200-day moving average is $10.19. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

Separately, Lake Street Capital decreased their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 7th.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.