Renaissance Technologies LLC Boosts Stock Holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Renaissance Technologies LLC increased its stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,768 shares of the company's stock after buying an additional 60,600 shares during the quarter. Renaissance Technologies LLC owned 2.60% of American Outdoor Brands worth $5,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its stake in shares of American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company's stock worth $422,000 after acquiring an additional 1,700 shares in the last quarter. Barclays PLC bought a new stake in American Outdoor Brands in the 3rd quarter worth about $37,000. Geode Capital Management LLC increased its stake in American Outdoor Brands by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock valued at $1,276,000 after buying an additional 6,092 shares during the last quarter. Sanctuary Advisors LLC increased its stake in American Outdoor Brands by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company's stock valued at $380,000 after buying an additional 10,065 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock worth $29,000 after buying an additional 777 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

American Outdoor Brands Price Performance

Shares of NASDAQ AOUT traded down $0.43 during mid-day trading on Friday, reaching $10.62. 4,552 shares of the company's stock were exchanged, compared to its average volume of 48,722. The firm has a market capitalization of $135.21 million, a price-to-earnings ratio of -18.22 and a beta of 0.42. The firm has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $12.94. American Outdoor Brands, Inc. has a 52 week low of $7.45 and a 52 week high of $17.91.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their target price on American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a report on Monday, January 27th.

About American Outdoor Brands

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.