Vista Outdoor Inc. (NYSE:VSTO) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 99.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,459 shares of the company’s stock after buying 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.

Several other large investors have also made changes to their positions in VSTO. Vanguard Group Inc. raised its stake in shares of Vista Outdoor by 1.1% during 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 during the period. CANADA LIFE ASSURANCE Co raised its stake in Vista Outdoor by 4.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company’s stock valued at $1,635,000 after purchasing an additional 2,317 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 purchasing an additional 2,084 shares during the last quarter. Kennedy Capital Management LLC raised its stake in 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 purchasing an additional 333 shares during the last quarter. Finally, Hancock Whitney Corp raised its stake in Vista Outdoor by 20.1% in the 1st quarter. Hancock Whitney Corp now owns 9,721 shares of the company’s stock valued at $319,000 after purchasing an additional 1,626 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on VSTO shares. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. StockNews.com started coverage on Vista Outdoor in a research note on Saturday, November 23rd. They issued a “buy” rating for the company. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $44.63 on Friday. The company has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. 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 52-week low of $26.05 and a 52-week high of $44.72. The stock has a fifty day simple moving average of $42.99 and a two-hundred day simple moving average of $39.28.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business 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 revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. As a group, equities analysts forecast that Vista Outdoor Inc. will post 4 EPS for the current year.

Vista Outdoor 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.