Pacer Advisors Inc. Sells 467,577 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Pacer Advisors Inc. trimmed its stake in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,145,716 shares of the company's stock after selling 467,577 shares during the period. Pacer Advisors Inc. owned 5.39% of Vista Outdoor worth $123,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VSTO. Vanguard Group Inc. increased its stake in Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company's stock worth $163,325,000 after buying an additional 54,189 shares in the last quarter. American Century Companies Inc. increased its stake in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company's stock worth $50,932,000 after buying an additional 218,018 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vista Outdoor by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company's stock worth $19,160,000 after buying an additional 5,945 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Vista Outdoor by 7.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company's stock worth $16,452,000 after buying an additional 32,675 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Vista Outdoor by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 410,125 shares of the company's stock worth $13,444,000 after buying an additional 10,000 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Trading Up 0.4 %

Shares of NYSE:VSTO traded up $0.17 during trading on Friday, reaching $44.42. The company's stock had a trading volume of 445,212 shares, compared to its average volume of 597,143. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 12 month low of $26.05 and a 12 month high of $44.48. The firm's 50 day simple moving average is $42.71 and its two-hundred day simple moving average is $39.08. The stock has a market capitalization of $2.60 billion, a PE ratio of -246.78 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter last year, the firm earned $0.96 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts predict that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VSTO has been the subject of a number of analyst reports. StockNews.com initiated coverage on Vista Outdoor in a research note on Friday, November 15th. They issued a "buy" rating for the company. B. Riley downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. Roth Mkm downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Roth Capital downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 19th. Finally, Aegis downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $41.20.

About Vista Outdoor

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.