Cubist Systematic Strategies LLC Acquires Shares of 10,343 American Outdoor Brands, Inc. (NASDAQ:AOUT)

Cubist Systematic Strategies LLC acquired a new stake in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 10,343 shares of the company’s stock, valued at approximately $158,000.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after acquiring an additional 777 shares during the last quarter. Empowered Funds LLC increased its position in American Outdoor Brands by 4.4% during the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after acquiring an additional 979 shares during the last quarter. Bridgeway Capital Management LLC increased its position in American Outdoor Brands by 0.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company’s stock valued at $1,773,000 after acquiring an additional 979 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of American Outdoor Brands by 10.9% in the fourth 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 during the last quarter. Finally, Barclays PLC bought a new position in shares of American Outdoor Brands in the third quarter worth about $37,000. Institutional investors own 49.87% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Outdoor Brands Price Performance

Shares of American Outdoor Brands stock opened at $12.66 on Monday. American Outdoor Brands, Inc. has a 1 year low of $7.89 and a 1 year high of $17.91. The firm’s 50-day moving average is $11.78 and its two-hundred day moving average is $13.27. The stock has a market cap of $161.23 million, a price-to-earnings ratio of -21.46 and a beta of 0.43.

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.