Cipher Capital LP Acquires New Position in American Outdoor Brands Corporation (NASDAQ:AOBC)

Cipher Capital LP acquired a new position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,452 shares of the company’s stock, valued at approximately $653,000. Cipher Capital LP owned 0.05% of American Outdoor Brands Corporation at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $173,622,000. BlackRock Inc. bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $93,810,000. Dimensional Fund Advisors LP bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $39,185,000. State Street Corp increased its stake in American Outdoor Brands Corporation by 3.3% during the 1st quarter. State Street Corp now owns 971,425 shares of the company’s stock worth $19,244,000 after acquiring an additional 31,360 shares during the period. Finally, Prudential Financial Inc. bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $17,611,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.

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Several equities analysts have recently issued reports on AOBC shares. Ifs Securities started coverage on American Outdoor Brands Corporation in a research note on Friday, September 1st. They issued an “outperform” rating and a $21.00 price target on the stock. Zacks Investment Research lowered American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Cowen and Company lifted their price target on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a research note on Friday, July 7th. Finally, Lake Street Capital decreased their price target on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. American Outdoor Brands Corporation has an average rating of “Hold” and a consensus target price of $19.37.

American Outdoor Brands Corporation (NASDAQ AOBC) traded up 1.78% during midday trading on Friday, hitting $14.26. The company had a trading volume of 2,185,475 shares. The firm has a market capitalization of $770.05 million, a P/E ratio of 8.84 and a beta of 0.11. The firm’s 50 day moving average is $17.75 and its 200-day moving average is $20.55. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm’s revenue was down 37.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, equities research analysts expect that American Outdoor Brands Corporation will post $1.15 EPS for the current fiscal year.

American Outdoor Brands Corporation Company Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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