Jane Street Group LLC Sells 25,559 Shares of AMMO, Inc. (NASDAQ:POWW)

Jane Street Group LLC trimmed its holdings in AMMO, Inc. (NASDAQ:POWW) by 19.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,315 shares of the company’s stock after selling 25,559 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of AMMO worth $153,000 as of its most recent SEC filing.

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

AMMO Stock Up 1.5 %

NASDAQ POWW opened at $1.38 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The company has a market capitalization of $163.88 million, a P/E ratio of -6.57 and a beta of 0.39. AMMO, Inc. has a one year low of $0.95 and a one year high of $2.94. The stock has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.38.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their target price on 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.