American Outdoor Brands, Inc. (NASDAQ:AOUT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,336 shares of the company’s stock after acquiring an additional 6,092 shares during the quarter. Geode Capital Management LLC owned approximately 1.08% of American Outdoor Brands worth $1,276,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after purchasing an additional 1,600 shares in the last quarter. State Street Corp lifted its holdings in American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after purchasing an additional 1,700 shares in the last quarter. Barclays PLC acquired a new stake in shares of American Outdoor Brands during the 3rd quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $114,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of American Outdoor Brands in the second quarter valued at approximately $259,000. 49.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AOUT has been the topic of a number of analyst reports. Roth Mkm raised their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Lake Street Capital raised their price objective on American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

American Outdoor Brands Price Performance

NASDAQ AOUT opened at $15.56 on Friday. The company has a market cap of $198.61 million, a P/E ratio of -26.37 and a beta of 0.26. American Outdoor Brands, Inc. has a 12 month low of $7.45 and a 12 month high of $16.73. The company has a 50-day moving average of $12.25 and a 200-day moving average of $10.09.

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.