UBS Asset Management Americas Inc. Acquires Shares of 26,012 American Outdoor Brands Corporation (AOBC)

UBS Asset Management Americas Inc. purchased a new stake in American Outdoor Brands Corporation (NASDAQ:AOBC) during the first quarter, according to its most recent filing with the SEC. The firm purchased 26,012 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Icon Advisers Inc. Co. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $412,000. Swiss National Bank purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $1,835,000. BNP Paribas Arbitrage SA purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $738,000. Suntrust Banks Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $266,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $6,009,000. Institutional investors own 71.08% of the company’s stock.

American Outdoor Brands Corporation (AOBC) traded up 1.13% on Friday, reaching $18.78. 1,208,921 shares of the company’s stock were exchanged. American Outdoor Brands Corporation has a 12 month low of $17.50 and a 12 month high of $30.08. The firm has a 50 day moving average of $20.48 and a 200 day moving average of $21.03. The stock has a market capitalization of $1.01 billion, a PE ratio of 8.35 and a beta of 0.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.19. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The business’s revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/ubs-asset-management-americas-inc-takes-position-in-american-outdoor-brands-corporation-aobc-updated-updated-updated.html.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Wunderlich reissued a “hold” rating and issued a $22.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. ValuEngine lowered shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Friday, June 2nd. Finally, Wedbush boosted their price objective on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, June 2nd. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.34.

In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 57,448 shares in the company, valued at approximately $1,378,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by company insiders.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

What are top analysts saying about American Outdoor Brands Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Outdoor Brands Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit