HL Financial Services LLC reduced its position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 27,845 shares of the company’s stock after selling 49 shares during the period. HL Financial Services LLC’s holdings in American Outdoor Brands Corporation were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Manhattan Co. increased its position in shares of American Outdoor Brands Corporation by 0.7% in 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 during the last quarter. Majedie Asset Management Ltd bought a new position in shares of American Outdoor Brands Corporation during the second quarter worth about $2,488,000. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of American Outdoor Brands Corporation by 28.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 19,200 shares of the company’s stock worth $425,000 after buying an additional 4,200 shares during the last quarter. Midas Management Corp bought a new position in shares of American Outdoor Brands Corporation during the second quarter worth about $448,000. Finally, Concorde Asset Management LLC bought a new position in shares of American Outdoor Brands Corporation during the second quarter worth about $629,000. 71.93% of the stock is owned by institutional investors.

American Outdoor Brands Corporation (AOBC) opened at 19.20 on Friday. American Outdoor Brands Corporation has a 52 week low of $17.50 and a 52 week high of $30.08. The stock’s 50 day moving average price is $21.17 and its 200 day moving average price is $21.10. The firm has a market capitalization of $1.03 billion, a P/E ratio of 8.53 and a beta of 0.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.38 by $0.19. The business had revenue of $229.20 million during 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%. American Outdoor Brands Corporation’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that American Outdoor Brands Corporation will post $1.56 EPS for the current year.

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A number of brokerages have issued reports on AOBC. Vetr raised American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target for the company in a report on Monday, August 7th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, July 7th. Forward View reissued a “hold” rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. Zacks Investment Research raised American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Cowen and Company boosted their price target on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. American Outdoor Brands Corporation has an average rating of “Hold” and a consensus target price of $23.34.

In other news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the director now directly owns 57,448 shares of the company’s stock, valued at approximately $1,378,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.94% 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.

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

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