Jane Street Group LLC Cuts Stake in AMMO, Inc. (NASDAQ:POWW)

Jane Street Group LLC lowered its stake in shares of AMMO, Inc. (NASDAQ:POWW) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,315 shares of the company’s stock after selling 25,559 shares during the quarter. Jane Street Group LLC’s holdings in AMMO were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in POWW. First Eagle Investment Management LLC boosted its holdings in AMMO by 68.2% in the second quarter. First Eagle Investment Management LLC now owns 1,390,870 shares of the company’s stock worth $2,337,000 after acquiring an additional 564,002 shares in the last quarter. Renaissance Technologies LLC lifted 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 period. Stratos Investment Management LLC acquired a new stake in shares of AMMO during the third quarter worth about $143,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of AMMO during the third quarter worth about $53,000. Finally, American Century Companies Inc. lifted its holdings 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 worth $264,000 after purchasing an additional 39,736 shares during the period. Institutional investors own 26.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price target 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 Stock Up 1.5 %

AMMO stock opened at $1.38 on Tuesday. The stock has a market capitalization of $163.88 million, a PE ratio of -6.57 and a beta of 0.39. AMMO, Inc. has a 12 month low of $0.95 and a 12 month high of $2.94. The business has a 50 day simple moving average of $1.18 and a 200-day simple moving average of $1.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87.

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.