UBS Group AG Has $4,794,000 Stake in Smith & Wesson Holding Corporation (SWHC)

UBS Group AG raised its position in Smith & Wesson Holding Corporation (NASDAQ:SWHC) by 17.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,282 shares of the company’s stock after buying an additional 26,794 shares during the period. UBS Group AG owned about 0.32% of Smith & Wesson Holding Corporation worth $4,794,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Smith & Wesson Holding Corporation during the second quarter worth approximately $128,000. Granite Point Capital Management L.P. purchased a new position in shares of Smith & Wesson Holding Corporation during the second quarter worth $1,087,000. Airain ltd boosted its position in shares of Smith & Wesson Holding Corporation by 1,269.1% in the second quarter. Airain ltd now owns 231,781 shares of the company’s stock worth $6,300,000 after buying an additional 214,851 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Smith & Wesson Holding Corporation by 25.1% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 165,681 shares of the company’s stock worth $4,503,000 after buying an additional 33,218 shares in the last quarter. Finally, Oxford Asset Management boosted its position in shares of Smith & Wesson Holding Corporation by 12.0% in the second quarter. Oxford Asset Management now owns 231,652 shares of the company’s stock worth $6,296,000 after buying an additional 24,785 shares in the last quarter. 74.02% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Smith & Wesson Holding Corporation (NASDAQ:SWHC)

Shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC) remained flat at $21.08 during midday trading on Friday. The firm’s 50 day moving average is $22.30 and its 200-day moving average is $26.10. Smith & Wesson Holding Corporation has a 1-year low of $19.18 and a 1-year high of $31.19.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) last posted its quarterly earnings data on Thursday, December 1st. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Smith & Wesson Holding Corporation had a net margin of 15.15% and a return on equity of 44.96%. The company earned $233.50 million during the quarter, compared to analysts’ expectations of $227.07 million. During the same period in the prior year, the company posted $0.25 earnings per share. Smith & Wesson Holding Corporation’s revenue for the quarter was up 63.1% compared to the same quarter last year. Equities analysts anticipate that Smith & Wesson Holding Corporation will post $2.47 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Smith & Wesson Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Vetr cut shares of Smith & Wesson Holding Corporation from a “strong-buy” rating to a “buy” rating and set a $31.16 price target on the stock. in a research report on Monday, November 7th. Lake Street Capital cut shares of Smith & Wesson Holding Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $37.00 to $20.00 in a research report on Monday, November 21st. Forward View reissued a “buy” rating on shares of Smith & Wesson Holding Corporation in a research report on Saturday, November 12th. Finally, Wedbush reissued a “neutral” rating and set a $25.00 price target (down from $32.00) on shares of Smith & Wesson Holding Corporation in a research report on Friday, November 25th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.15.

Smith & Wesson Holding Corporation Company Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

5 Day Chart for NASDAQ:SWHC

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