Tealwood Asset Management Inc. Decreases Stock Position in AMMO, Inc. (NASDAQ:POWW)

Tealwood Asset Management Inc. lowered its stake in AMMO, Inc. (NASDAQ:POWW) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,335,000 shares of the company’s stock after selling 75,000 shares during the quarter. AMMO makes up approximately 1.5% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 6th largest position. Tealwood Asset Management Inc. owned 2.81% of AMMO worth $3,669,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of AMMO by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 329,689 shares of the company’s stock valued at $554,000 after acquiring an additional 6,062 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of AMMO by 33.9% during the second quarter. American Century Companies Inc. now owns 157,016 shares of the company’s stock valued at $264,000 after purchasing an additional 39,736 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of AMMO by 33.6% during the second quarter. Renaissance Technologies LLC now owns 589,400 shares of the company’s stock worth $990,000 after purchasing an additional 148,100 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of AMMO by 68.2% during the second quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock worth $2,337,000 after purchasing an additional 564,002 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of AMMO in the third quarter valued at approximately $44,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their target price on AMMO from $1.60 to $1.50 and set a “neutral” rating for the company in a research report on Friday, September 27th.

AMMO Price Performance

Shares of NASDAQ:POWW opened at $1.38 on Tuesday. The stock’s 50 day moving average is $1.18 and its 200-day moving average is $1.38. AMMO, Inc. has a twelve month low of $0.95 and a twelve month high of $2.94. 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 firm has a market capitalization of $163.88 million, a price-to-earnings ratio of -6.57 and a beta of 0.39.

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.