Connor Clark & Lunn Investment Management Ltd. Makes New Investment in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Connor Clark & Lunn Investment Management Ltd. bought a new position in American Outdoor Brands, Inc. (NASDAQ:AOUT) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,390 shares of the company’s stock, valued at approximately $114,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of American Outdoor Brands at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in American Outdoor Brands during the 2nd quarter valued at approximately $259,000. Renaissance Technologies LLC grew its holdings in shares of American Outdoor Brands by 0.6% in the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position 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 during the last quarter. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Trading Up 0.6 %

Shares of NASDAQ:AOUT opened at $9.87 on Tuesday. The company has a market cap of $126.67 million, a price-to-earnings ratio of -12.04 and a beta of 0.38. American Outdoor Brands, Inc. has a 12 month low of $7.19 and a 12 month high of $9.93. The company has a 50-day moving average price of $9.22 and a 200 day moving average price of $8.86.

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

Wall Street Analyst Weigh In

Separately, Roth Mkm increased their price objective on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Company Profile

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.