Charles Schwab Investment Management Inc. Lowers Stock Position in AMMO, Inc. (NASDAQ:POWW)

Charles Schwab Investment Management Inc. cut its position in shares of AMMO, Inc. (NASDAQ:POWW) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 696,085 shares of the company’s stock after selling 18,028 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of AMMO worth $995,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Triune Financial Partners LLC purchased a new position in shares of AMMO in the 3rd quarter worth approximately $29,000. Koss Olinger Consulting LLC purchased a new position in AMMO in the second quarter worth $47,000. SG Americas Securities LLC bought a new position in AMMO in the 3rd quarter valued at $44,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of AMMO during the 3rd quarter valued at $53,000. Finally, Victory Capital Management Inc. raised its stake in shares of AMMO by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after purchasing an additional 9,649 shares during the period. 26.40% of the stock is owned by institutional investors.

AMMO Trading Down 1.9 %

NASDAQ:POWW opened at $1.04 on Wednesday. AMMO, Inc. has a 12 month low of $1.01 and a 12 month high of $2.94. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $1.20 and its 200 day moving average is $1.51. The stock has a market capitalization of $123.51 million, a PE ratio of -4.95 and a beta of 0.33.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price target on shares of AMMO from $1.60 to $1.50 and set a “neutral” rating for the company in a research report on Friday, September 27th.

About AMMO

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.