USA Mutuals Advisors Inc. Sells 105,000 Shares of American Outdoor Brands Corporation (AOBC)

USA Mutuals Advisors Inc. decreased its position in American Outdoor Brands Corporation (NASDAQ:AOBC) by 27.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,000 shares of the company’s stock after selling 105,000 shares during the quarter. American Outdoor Brands Corporation accounts for about 2.5% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. USA Mutuals Advisors Inc. owned approximately 0.52% of American Outdoor Brands Corporation worth $4,270,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AOBC. Alps Advisors Inc. grew its position in shares of American Outdoor Brands Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock worth $553,000 after buying an additional 65 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of American Outdoor Brands Corporation by 1.7% during the second quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock worth $303,000 after buying an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of American Outdoor Brands Corporation by 1.8% during the first quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock worth $512,000 after buying an additional 460 shares in the last quarter. First Manhattan Co. grew its position in shares of American Outdoor Brands Corporation by 0.7% during the second quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock worth $1,638,000 after buying an additional 545 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of American Outdoor Brands Corporation by 1.7% during the second quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock worth $1,343,000 after buying an additional 1,000 shares in the last quarter. 71.26% of the stock is owned by institutional investors.

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Shares of American Outdoor Brands Corporation (AOBC) traded up 2.58% during midday trading on Wednesday, hitting $14.70. 742,554 shares of the company were exchanged. American Outdoor Brands Corporation has a one year low of $13.28 and a one year high of $28.57. The firm has a market cap of $793.81 million, a P/E ratio of 9.11 and a beta of -0.02. The company’s 50 day moving average price is $14.86 and its 200 day moving average price is $19.48.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. Equities analysts expect that American Outdoor Brands Corporation will post $1.14 EPS for the current year.

AOBC has been the subject of a number of recent analyst reports. Ifs Securities initiated coverage on shares of American Outdoor Brands Corporation in a research report on Friday, September 1st. They set an “outperform” rating and a $21.00 price target for the company. Zacks Investment Research downgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Craig Hallum reissued a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. Finally, Lake Street Capital decreased their price target on shares of American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.68.

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)

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