Symons Capital Management Inc. bought a new position in shares of Vista Outdoor Inc (NYSE:VSTO) during the first quarter, Holdings Channel reports. The firm bought 17,620 shares of the company’s stock, valued at approximately $363,000.
A number of other institutional investors also recently made changes to their positions in VSTO. Clearline Capital LP bought a new position in shares of Vista Outdoor during the third quarter worth about $4,203,000. Philadelphia Trust Co. bought a new position in shares of Vista Outdoor during the third quarter worth about $2,028,000. HBK Investments L P raised its position in shares of Vista Outdoor by 39.0% in the third quarter. HBK Investments L P now owns 1,600,500 shares of the company’s stock worth $63,796,000 after buying an additional 448,700 shares in the last quarter. Bragg Financial Advisors Inc raised its position in shares of Vista Outdoor by 34.9% in the third quarter. Bragg Financial Advisors Inc now owns 77,242 shares of the company’s stock worth $3,079,000 after buying an additional 20,000 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Vista Outdoor by 25.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 32,694 shares of the company’s stock worth $1,303,000 after buying an additional 6,715 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.
Vista Outdoor Inc (NYSE:VSTO) traded down 0.86% during mid-day trading on Friday, reaching $21.80. 928,994 shares of the company’s stock were exchanged. The stock’s market cap is $1.24 billion. The stock has a 50-day moving average price of $19.86 and a 200-day moving average price of $27.81. Vista Outdoor Inc has a 52 week low of $18.32 and a 52 week high of $52.08.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 9.48% and a negative net margin of 9.22%. The company had revenue of $578.80 million for the quarter, compared to the consensus estimate of $565.19 million. During the same quarter last year, the business posted $0.63 EPS. Vista Outdoor’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts forecast that Vista Outdoor Inc will post $1.23 earnings per share for the current year.
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A number of brokerages have weighed in on VSTO. DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of Vista Outdoor in a report on Tuesday, January 31st. Zacks Investment Research downgraded shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 25th. Roth Capital set a $26.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a report on Thursday, January 19th. KeyCorp cut their price target on shares of Vista Outdoor to $31.00 and set an “overweight” rating for the company in a report on Monday, February 6th. Finally, Cowen and Company reissued a “market perform” rating and issued a $26.00 price target (up from $18.00) on shares of Vista Outdoor in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.05.
In related news, Director Michael Callahan bought 2,000 shares of Vista Outdoor stock in a transaction on Wednesday, March 8th. The shares were purchased at an average price of $20.72 per share, for a total transaction of $41,440.00. Following the completion of the acquisition, the director now owns 13,229 shares in the company, valued at $274,104.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
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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