American Outdoor Brands Corporation (AOBC) Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in American Outdoor Brands Corporation (NASDAQ:AOBC) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,111 shares of the company’s stock after acquiring an additional 1,039 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of American Outdoor Brands Corporation worth $955,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in shares of American Outdoor Brands Corporation during the second quarter worth about $122,000. PNC Financial Services Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth about $110,000. Victory Capital Management Inc. bought a new stake in shares of American Outdoor Brands Corporation during the second quarter worth about $125,000. Quantbot Technologies LP bought a new stake in shares of American Outdoor Brands Corporation during the second quarter worth about $156,000. Finally, Hikari Power Ltd bought a new stake in shares of American Outdoor Brands Corporation during the second quarter worth about $210,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.

AOBC has been the topic of several research reports. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a report on Monday, July 24th. Aegis restated a “buy” rating and set a $25.00 price target on shares of American Outdoor Brands Corporation in a report on Monday, August 21st. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Ifs Securities initiated coverage on American Outdoor Brands Corporation in a report on Friday, September 1st. They issued an “outperform” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.68.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at $13.12 on Wednesday. American Outdoor Brands Corporation has a 12 month low of $12.87 and a 12 month high of $25.01. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $720.92, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 1.08 and a beta of -0.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. During the same period last year, the firm posted $0.66 earnings per share. American Outdoor Brands Corporation’s quarterly revenue was down 37.7% compared to the same quarter last year. equities research analysts anticipate that American Outdoor Brands Corporation will post 1.12 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “American Outdoor Brands Corporation (AOBC) Holdings Lifted by The Manufacturers Life Insurance Company” was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/11/15/american-outdoor-brands-corporation-aobc-holdings-lifted-by-the-manufacturers-life-insurance-company.html.

American Outdoor Brands Corporation Company Profile

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.

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

Receive News & Ratings for American Outdoor Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply