Verition Fund Management LLC Acquires 308,811 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Verition Fund Management LLC lifted its position in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 4,019.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,494 shares of the company's stock after buying an additional 308,811 shares during the quarter. Verition Fund Management LLC owned about 0.54% of Vista Outdoor worth $12,400,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Vista Outdoor in the second quarter valued at approximately $36,000. Sound Income Strategies LLC bought a new stake in Vista Outdoor in the 3rd quarter valued at $41,000. Innealta Capital LLC acquired a new stake in Vista Outdoor during the 2nd quarter valued at $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor during the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor in the third quarter valued at $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vista Outdoor Price Performance

Shares of NYSE VSTO remained flat at $44.63 during midday trading on Friday. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The business's 50-day simple moving average is $43.20 and its two-hundred day simple moving average is $39.42. Vista Outdoor Inc. has a one year low of $26.05 and a one year high of $44.72.

Vista Outdoor (NYSE:VSTO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to analysts' expectations of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities analysts forecast 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.