Barclays PLC Purchases Shares of 3,960 American Outdoor Brands, Inc. (NASDAQ:AOUT)

Barclays PLC purchased a new stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,960 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AOUT. Brandes Investment Partners LP raised 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 valued at $6,178,000 after buying an additional 289,229 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in American Outdoor Brands in the second quarter valued at $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Outdoor Brands in the third quarter valued at $114,000. State Street Corp raised its stake in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after buying an additional 1,700 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 buying an additional 1,600 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Stock Performance

Shares of AOUT stock opened at $14.96 on Friday. The stock’s 50-day moving average is $12.37 and its two-hundred day moving average is $10.14. The firm has a market cap of $190.95 million, a price-to-earnings ratio of -25.36 and a beta of 0.26. American Outdoor Brands, Inc. has a 1 year low of $7.45 and a 1 year high of $16.73.

Wall Street Analyst Weigh In

AOUT has been the topic of a number of analyst reports. Roth Mkm raised their price target 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. 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 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.