AMMO, Inc. (NASDAQ:POWW) Stake Lifted by Barclays PLC

Barclays PLC boosted its stake in AMMO, Inc. (NASDAQ:POWW) by 270.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,494 shares of the company’s stock after buying an additional 85,738 shares during the period. Barclays PLC owned 0.10% of AMMO worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in AMMO by 0.7% in the 3rd quarter. State Street Corp now owns 1,666,566 shares of the company’s stock valued at $2,383,000 after purchasing an additional 11,235 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of AMMO by 68.2% in the second quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock valued at $2,337,000 after purchasing an additional 564,002 shares during the period. Renaissance Technologies LLC raised its holdings in shares of AMMO by 33.6% during the second quarter. Renaissance Technologies LLC now owns 589,400 shares of the company’s stock valued at $990,000 after buying an additional 148,100 shares during the last quarter. Empowered Funds LLC boosted its position in shares of AMMO by 5.4% during the third quarter. Empowered Funds LLC now owns 571,540 shares of the company’s stock worth $817,000 after buying an additional 29,078 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in AMMO by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 329,689 shares of the company’s stock worth $554,000 after buying an additional 6,062 shares in the last quarter. Institutional investors and hedge funds own 26.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, September 27th.

AMMO Price Performance

NASDAQ:POWW opened at $1.34 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.39. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.94. The firm has a market cap of $159.13 million, a P/E ratio of -6.38 and a beta of 0.39.

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.