Malaga Cove Capital LLC purchased a new stake in shares of Vista Outdoor Inc. (NYSE:VSTO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,565 shares of the company’s stock, valued at approximately $343,000.
Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Vista Outdoor by 70.0% during the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock valued at $155,194,000 after acquiring an additional 2,838,686 shares in the last quarter. South Dakota Investment Council bought a new stake in Vista Outdoor in the 2nd quarter worth about $1,486,000. Piedmont Investment Advisors LLC bought a new stake in Vista Outdoor in the 2nd quarter worth about $278,000. BlackRock Inc. increased its holdings in Vista Outdoor by 16,839.6% in the 1st quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock worth $116,698,000 after buying an additional 5,634,183 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Vista Outdoor by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,346,858 shares of the company’s stock worth $120,358,000 after buying an additional 242,701 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
In other news, Director Tig H. Krekel bought 3,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $13.33 per share, with a total value of $39,990.00. Following the completion of the transaction, the director now owns 7,684 shares of the company’s stock, valued at approximately $102,427.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
Shares of Vista Outdoor Inc. (NYSE VSTO) traded up $0.60 during trading hours on Monday, reaching $14.81. The company’s stock had a trading volume of 1,203,700 shares, compared to its average volume of 1,324,439. The stock has a market capitalization of $848.97, a PE ratio of 12.04, a price-to-earnings-growth ratio of 2.58 and a beta of -0.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63. Vista Outdoor Inc. has a fifty-two week low of $12.35 and a fifty-two week high of $41.29.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. The business had revenue of $587.00 million for the quarter, compared to analysts’ expectations of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. equities analysts forecast that Vista Outdoor Inc. will post 0.57 earnings per share for the current year.
Several research firms recently commented on VSTO. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Friday. Cowen and Company reiterated a “hold” rating and issued a $14.50 price objective on shares of Vista Outdoor in a report on Monday, November 13th. Forward View downgraded Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price objective for the company. in a report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Finally, DA Davidson downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Vista Outdoor has a consensus rating of “Hold” and an average target price of $23.40.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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