Quantbot Technologies LP bought a new position in Vista Outdoor Inc. (NYSE:VSTO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,265 shares of the company's stock, valued at approximately $755,000.
Several other institutional investors and hedge funds have also bought and sold shares of VSTO. American Century Companies Inc. increased its stake in Vista Outdoor by 19.2% during 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. Marshall Wace LLP lifted its position in shares of Vista Outdoor by 2,197.0% during the second quarter. Marshall Wace LLP now owns 193,610 shares of the company's stock worth $7,289,000 after purchasing an additional 185,181 shares in the last quarter. Slotnik Capital LLC acquired a new position in shares of Vista Outdoor in the second quarter worth $3,012,000. Renaissance Technologies LLC purchased a new position in Vista Outdoor in the second quarter worth approximately $2,948,000. Finally, Larson Financial Group LLC boosted its holdings in Vista Outdoor by 177,334.1% in the second quarter. Larson Financial Group LLC now owns 78,071 shares of the company's stock valued at $2,939,000 after purchasing an additional 78,027 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a research report on Monday, October 7th. Aegis lowered shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 15th. StockNews.com started coverage on shares of Vista Outdoor in a research note on Sunday. They set a "buy" rating on the stock. B. Riley lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a report on Wednesday, August 7th. Finally, Roth Capital cut shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.20.
Check Out Our Latest Research Report on VSTO
Vista Outdoor Stock Performance
Shares of NYSE VSTO remained flat at $44.63 during midday trading on Tuesday. Vista Outdoor Inc. has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $43.30 and a 200-day moving average of $39.53. The firm has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79.
Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million for the quarter, compared to analysts' expectations of $666.72 million. During the same quarter last year, the business earned $0.96 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.
About Vista Outdoor
(
Free Report)
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.
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