Marshall Wace LLP Sells 84,100 Shares of AMMO, Inc. (NASDAQ:POWW)

Marshall Wace LLP lessened its holdings in shares of AMMO, Inc. (NASDAQ:POWW) by 45.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 84,100 shares during the quarter. Marshall Wace LLP owned approximately 0.08% of AMMO worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised 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 purchasing an additional 564,002 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 in the last quarter. American Century Companies Inc. raised its holdings in AMMO by 33.9% in 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 in the last quarter. Koss Olinger Consulting LLC bought a new position in AMMO in the second quarter worth $47,000. Finally, Bank of New York Mellon Corp raised its holdings in AMMO by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 329,689 shares of the company’s stock worth $554,000 after purchasing an additional 6,062 shares in the last quarter. Institutional investors own 26.40% of the company’s stock.

AMMO Price Performance

Shares of NASDAQ:POWW opened at $1.30 on Friday. AMMO, Inc. has a 1-year low of $1.24 and a 1-year high of $3.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87. The business has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.96. The company has a market capitalization of $154.39 million, a PE ratio of -6.19 and a beta of 0.23.

AMMO (NASDAQ:POWW) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). AMMO had a negative net margin of 15.19% and a positive return on equity of 2.35%. The company had revenue of $30.95 million for the quarter, compared to the consensus estimate of $31.20 million. As a group, equities analysts expect that AMMO, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

AMMO 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.