Geode Capital Management LLC Has $2.96 Million Stock Holdings in AMMO, Inc. (NASDAQ:POWW)

Geode Capital Management LLC trimmed its holdings in AMMO, Inc. (NASDAQ:POWW) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 2,067,360 shares of the company’s stock after selling 53,214 shares during the quarter. Geode Capital Management LLC’s holdings in AMMO were worth $2,957,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in AMMO by 68.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock valued at $2,337,000 after acquiring an additional 564,002 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of AMMO by 33.6% in 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. Stratos Investment Management LLC bought a new position in shares of AMMO in the third quarter valued at approximately $143,000. Barclays PLC boosted its position in shares of AMMO by 270.0% during the third quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after buying an additional 85,738 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in AMMO during the third quarter worth $53,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Mkm cut their price objective on shares of AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a report on Friday, September 27th.

AMMO Stock Performance

Shares of POWW stock opened at $1.34 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The company has a market capitalization of $159.13 million, a price-to-earnings ratio of -6.38 and a beta of 0.39. AMMO, Inc. has a 52-week low of $0.95 and a 52-week high of $2.94. The company has a 50-day simple moving average of $1.16 and a two-hundred day simple moving average of $1.39.

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.