First Eagle Investment Management LLC Raises Holdings in AMMO, Inc. (NASDAQ:POWW)

First Eagle Investment Management LLC lifted its position in shares of AMMO, Inc. (NASDAQ:POWW) by 68.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,390,870 shares of the company’s stock after buying an additional 564,002 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.17% of AMMO worth $2,337,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in AMMO by 176.4% during the 1st quarter. Empowered Funds LLC now owns 503,402 shares of the company’s stock worth $1,384,000 after acquiring an additional 321,257 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of AMMO by 33.6% during the second quarter. Renaissance Technologies LLC now owns 589,400 shares of the company’s stock valued at $990,000 after purchasing an additional 148,100 shares in the last quarter. Vanguard Group Inc. increased its holdings in AMMO by 1.8% during the first quarter. Vanguard Group Inc. now owns 4,920,188 shares of the company’s stock valued at $13,531,000 after buying an additional 86,069 shares during the period. Chesapeake Capital Corp IL bought a new position in AMMO in the fourth quarter worth approximately $99,000. Finally, American Century Companies Inc. lifted its holdings in AMMO by 33.9% during the second quarter. American Century Companies Inc. now owns 157,016 shares of the company’s stock worth $264,000 after buying an additional 39,736 shares during the period. Hedge funds and other institutional investors own 26.40% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price target on AMMO from $2.00 to $1.60 and set a “neutral” rating for the company in a research report on Monday, August 12th.

AMMO Price Performance

Shares of POWW opened at $1.50 on Friday. The company has a 50 day moving average of $1.59 and a two-hundred day moving average of $2.09. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. AMMO, Inc. has a twelve month low of $1.35 and a twelve month high of $3.15. The company has a market cap of $178.14 million, a price-to-earnings ratio of -9.38 and a beta of 0.24.

AMMO (NASDAQ:POWW) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). AMMO had a positive return on equity of 2.35% and a negative net margin of 15.19%. The business had revenue of $30.95 million during the quarter, compared to analyst estimates of $31.20 million.

AMMO 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.