American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 18.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,070 shares of the company’s stock after selling 10,656 shares during the quarter. Atria Investments Inc owned about 0.36% of American Outdoor Brands worth $425,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in American Outdoor Brands in the second quarter valued at about $259,000. Renaissance Technologies LLC increased its position in shares of American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after acquiring an additional 1,600 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in American Outdoor Brands by 9.2% in the first quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock worth $2,553,000 after purchasing an additional 24,400 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in American Outdoor Brands by 70.8% in the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock worth $6,178,000 after purchasing an additional 289,229 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm lifted their target price on American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, September 16th.

American Outdoor Brands Trading Up 1.3 %

Shares of NASDAQ AOUT opened at $9.34 on Thursday. American Outdoor Brands, Inc. has a 12-month low of $7.19 and a 12-month high of $9.90. The company has a market cap of $119.83 million, a PE ratio of -11.39 and a beta of 0.38. The stock has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $8.78.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The company had revenue of $41.64 million during the quarter, compared to the consensus estimate of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. Sell-side analysts forecast that American Outdoor Brands, Inc. will post 0.28 earnings per share for the current fiscal year.

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.