First Eagle Investment Management LLC reduced its stake in Vista Outdoor Inc. (NYSE:VSTO) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,680,817 shares of the company’s stock after selling 842,700 shares during the period. First Eagle Investment Management LLC owned approximately 8.20% of Vista Outdoor worth $107,378,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of Vista Outdoor by 70.0% in the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after buying an additional 2,838,686 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Vista Outdoor in the second quarter worth about $1,486,000. Piedmont Investment Advisors LLC bought a new stake in Vista Outdoor during the 2nd quarter valued at approximately $278,000. BlackRock Inc. boosted its position in Vista Outdoor by 16,839.6% during the 1st quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after acquiring an additional 5,634,183 shares in the last quarter. Finally, Fred Alger Management Inc. purchased a new position in shares of Vista Outdoor during the second quarter valued at approximately $1,274,000. Institutional investors own 99.97% of the company’s stock.
VSTO has been the subject of a number of recent analyst reports. Cowen and Company restated a “hold” rating and issued a $14.50 price objective on shares of Vista Outdoor in a report on Monday. Forward View lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Monday. KeyCorp reissued a “hold” rating on shares of Vista Outdoor in a research report on Friday. DA Davidson downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. Finally, BidaskClub downgraded shares of Vista Outdoor from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.40.
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Vista Outdoor Inc. (NYSE:VSTO) traded up $0.04 on Tuesday, reaching $13.32. 2,724,300 shares of the company were exchanged, compared to its average volume of 1,319,440. The firm has a market capitalization of $761.26, a price-to-earnings ratio of 10.80, a PEG ratio of 1.51 and a beta of -0.12. Vista Outdoor Inc. has a 52-week low of $12.35 and a 52-week high of $41.29. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. Vista Outdoor’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. equities analysts anticipate that Vista Outdoor Inc. will post 0.55 EPS for the current year.
About Vista Outdoor
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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