Charles Schwab Investment Management Inc. Lowers Stock Holdings in AMMO, Inc. (NASDAQ:POWW)

Charles Schwab Investment Management Inc. cut its stake in shares of AMMO, Inc. (NASDAQ:POWW) by 5.1% in the 4th quarter, Holdings Channel reports. The fund owned 660,556 shares of the company’s stock after selling 35,529 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AMMO were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in shares of AMMO by 13.3% during the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after purchasing an additional 9,649 shares during the last quarter. State Street Corp increased 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 valued at $2,383,000 after buying an additional 11,235 shares during the period. Barclays PLC raised its position in AMMO by 270.0% during the 3rd quarter. Barclays PLC now owns 117,494 shares of the company’s stock worth $168,000 after buying an additional 85,738 shares during the last quarter. Tuttle Capital Management LLC acquired a new stake in shares of AMMO in the 4th quarter worth $33,000. Finally, Empowered Funds LLC boosted its holdings in shares of AMMO by 5.1% in the fourth 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 in the last quarter. 26.40% of the stock is owned by institutional investors and hedge funds.

AMMO Stock Performance

Shares of AMMO stock opened at $1.38 on Tuesday. The firm has a market cap of $163.88 million, a price-to-earnings ratio of -6.57 and a beta of 0.50. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.86. The company’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.37. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03.

AMMO Company Profile

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.