SG Americas Securities LLC Acquires 52,968 Shares of AMMO, Inc. (NASDAQ:POWW)

SG Americas Securities LLC raised its holdings in AMMO, Inc. (NASDAQ:POWW – Get Rating) by 34.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 208,009 shares of the company’s stock after purchasing an additional 52,968 shares during the quarter. SG Americas Securities LLC’s holdings in AMMO were worth $609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Royal Capital Wealth Management LLC increased its stake in shares of AMMO by 1.2% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 495,779 shares of the company’s stock valued at $1,909,000 after buying an additional 6,000 shares during the period. 360 Financial Inc. increased its stake in shares of AMMO by 8.5% in the 2nd quarter. 360 Financial Inc. now owns 449,000 shares of the company’s stock valued at $2,155,000 after buying an additional 35,000 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of AMMO by 6.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 239,038 shares of the company’s stock valued at $992,000 after buying an additional 14,175 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of AMMO by 31.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 23,200 shares of the company’s stock valued at $89,000 after buying an additional 5,500 shares during the period. Finally, Ergoteles LLC acquired a new stake in shares of AMMO in the 1st quarter valued at $79,000. Institutional investors own 32.07% of the company’s stock.

Wall Street Analysts Forecast Growth

POWW has been the subject of several research reports. Roth Capital cut AMMO from a “buy” rating to a “neutral” rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Tuesday, November 15th. Lake Street Capital decreased their price objective on AMMO from $9.00 to $5.00 in a research note on Tuesday, November 15th. TheStreet cut AMMO from a “c-” rating to a “d+” rating in a research note on Thursday, December 1st. Finally, EF Hutton Acquisition Co. I decreased their price objective on AMMO from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th.

AMMO Stock Down 1.0 %

Shares of AMMO stock opened at $2.05 on Monday. The company has a quick ratio of 2.01, a current ratio of 4.16 and a debt-to-equity ratio of 0.03. AMMO, Inc. has a 12 month low of $1.56 and a 12 month high of $6.05. The business has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $3.24. The stock has a market cap of $240.77 million, a PE ratio of 25.63 and a beta of 0.29.

AMMO (NASDAQ:POWW – Get Rating) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). AMMO had a return on equity of 11.87% and a net margin of 4.94%. The company had revenue of $48.29 million for the quarter, compared to analyst estimates of $65.30 million. Research analysts predict that AMMO, Inc. will post 0.28 EPS for the current year.

AMMO Profile

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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.