Schonfeld Strategic Advisors LLC Makes New $280,000 Investment in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Schonfeld Strategic Advisors LLC purchased a new position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,399 shares of the company’s stock, valued at approximately $280,000. Schonfeld Strategic Advisors LLC owned approximately 0.14% of American Outdoor Brands as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after buying an additional 777 shares in the last quarter. Barclays PLC bought a new position in shares of American Outdoor Brands in the 3rd quarter worth $37,000. Virtu Financial LLC bought a new position in shares of American Outdoor Brands in the 4th quarter worth $162,000. O Shaughnessy Asset Management LLC bought a new position in shares of American Outdoor Brands in the 4th quarter worth $225,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of American Outdoor Brands by 10.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company’s stock worth $323,000 after purchasing an additional 2,087 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Stock Up 3.3%

Shares of AOUT opened at $12.12 on Tuesday. American Outdoor Brands, Inc. has a 12-month low of $7.79 and a 12-month high of $17.91. The business’s fifty day moving average is $11.84 and its 200 day moving average is $13.17. The stock has a market cap of $154.35 million, a P/E ratio of -20.54 and a beta of 0.43.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their target price on American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.