Intech Investment Management LLC Acquires 12,168 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Intech Investment Management LLC raised its holdings in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 99.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,459 shares of the company's stock after acquiring an additional 12,168 shares during the quarter. Intech Investment Management LLC's holdings in Vista Outdoor were worth $958,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company's stock valued at $163,325,000 after acquiring an additional 54,189 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Vista Outdoor by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company's stock worth $1,635,000 after purchasing an additional 2,317 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Vista Outdoor by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,387 shares of the company's stock valued at $734,000 after buying an additional 2,084 shares during the period. Kennedy Capital Management LLC increased its position in shares of Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company's stock valued at $307,000 after buying an additional 333 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in Vista Outdoor by 20.1% during the 1st quarter. Hancock Whitney Corp now owns 9,721 shares of the company's stock worth $319,000 after buying an additional 1,626 shares during the period. Institutional investors and hedge funds own 90.51% of the company's stock.

Vista Outdoor Price Performance

Vista Outdoor stock remained flat at $44.63 during mid-day 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. Vista Outdoor Inc. has a 1-year low of $26.05 and a 1-year high of $44.72. The business has a 50 day moving average of $43.09 and a two-hundred day moving average of $39.32. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79.

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. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company had revenue of $665.92 million during the quarter, compared to analysts' expectations of $666.72 million. During the same quarter last year, the company earned $0.96 EPS. Vista Outdoor's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts forecast that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Monness Crespi & Hardt cut Vista Outdoor from a "buy" rating to a "neutral" rating in a research note on Monday, October 7th. Aegis downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Friday, November 15th. Roth Capital cut shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 19th. StockNews.com started coverage on shares of Vista Outdoor in a report on Saturday, November 23rd. They set a "buy" rating on the stock. Finally, B. Riley lowered 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.