Hotchkis & Wiley Capital Management LLC Has $12.95 Million Stock Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Hotchkis & Wiley Capital Management LLC reduced its holdings in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,470 shares of the company's stock after selling 24,670 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.57% of Vista Outdoor worth $12,948,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of Vista Outdoor during the second quarter worth $36,000. Sound Income Strategies LLC bought a new position in Vista Outdoor in the third quarter valued at $41,000. Innealta Capital LLC acquired a new stake in Vista Outdoor in the second quarter valued at $76,000. Headlands Technologies LLC acquired a new stake in Vista Outdoor in the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC acquired a new stake in Vista Outdoor in the third quarter valued at $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSTO has been the subject of a number of research reports. Monness Crespi & Hardt cut shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a research note on Monday, October 7th. B. Riley cut shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Roth Mkm cut shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a research note on Thursday, September 19th. Roth Capital cut shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 19th. Finally, StockNews.com started coverage on shares of Vista Outdoor in a research note on Sunday. They issued a "buy" rating for the company. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $41.20.

Vista Outdoor Stock Performance

VSTO stock remained flat at $44.63 during mid-day trading on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. Vista Outdoor Inc. has a 52-week low of $26.05 and a 52-week high of $44.72. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The stock has a fifty day moving average of $43.40 and a 200-day moving average of $39.60.

Vista Outdoor (NYSE:VSTO - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same period last year, the firm earned $0.96 EPS. The business's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.