Intech Investment Management LLC Buys 26,783 Shares of AMMO, Inc. (NASDAQ:POWW)

Intech Investment Management LLC grew its position in shares of AMMO, Inc. (NASDAQ:POWW) by 175.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,033 shares of the company’s stock after buying an additional 26,783 shares during the quarter. Intech Investment Management LLC’s holdings in AMMO were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in AMMO by 13.3% in the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after buying an additional 9,649 shares in the last quarter. State Street Corp grew its position in shares of AMMO by 0.7% during the third 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 in the last quarter. Barclays PLC increased its stake in AMMO by 270.0% in the 3rd quarter. Barclays PLC now owns 117,494 shares of the company’s stock worth $168,000 after acquiring an additional 85,738 shares during the last quarter. Tuttle Capital Management LLC bought a new stake in AMMO in the fourth quarter worth $33,000. Finally, Empowered Funds LLC lifted its holdings in shares of AMMO by 5.1% in the 4th quarter. Empowered Funds LLC now owns 600,757 shares of the company’s stock valued at $661,000 after acquiring an additional 29,217 shares during the last quarter. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

AMMO Stock Down 2.1 %

Shares of POWW opened at $1.38 on Friday. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.86. 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 has a fifty day moving average of $1.60 and a 200 day moving average of $1.38. The company has a market cap of $163.88 million, a PE ratio of -6.57 and a beta of 0.50.

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.