UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,441 shares of the company's stock after acquiring an additional 26,086 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Smith & Wesson Brands worth $1,035,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SWBI. IMG Wealth Management Inc. bought a new position in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $44,000. Spurstone Advisory Services LLC purchased a new stake in Smith & Wesson Brands in the 4th quarter valued at $47,000. Jones Financial Companies Lllp raised its position in Smith & Wesson Brands by 238.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after buying an additional 3,476 shares during the last quarter. Caption Management LLC bought a new position in Smith & Wesson Brands during the 4th quarter valued at $51,000. Finally, Headlands Technologies LLC boosted its holdings in Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after acquiring an additional 1,867 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company's stock.
Analyst Ratings Changes
Separately, Lake Street Capital lowered their target price 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.
Read Our Latest Stock Analysis on Smith & Wesson Brands
Smith & Wesson Brands Stock Performance
Smith & Wesson Brands stock traded up $0.26 during mid-day trading on Tuesday, reaching $10.55. 594,103 shares of the company's stock were exchanged, compared to its average volume of 496,505. The firm has a market capitalization of $464.23 million, a PE ratio of 13.53 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $9.39 and its 200 day simple moving average is $10.21. Smith & Wesson Brands, Inc. has a one year low of $8.38 and a one year high of $16.85.
Smith & Wesson Brands Company Profile
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Free Report)
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.
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