Quantamental Technologies LLC purchased a new stake in shares of Vista Outdoor Inc (NYSE:VSTO) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,355 shares of the company’s stock, valued at approximately $65,000.
Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Vista Outdoor by 509.1% in the second quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock worth $47,000 after purchasing an additional 4,399 shares during the period. Magnus Financial Group LLC bought a new position in Vista Outdoor during the second quarter valued at $103,000. BNP Paribas Arbitrage SA increased its position in Vista Outdoor by 112.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after acquiring an additional 6,991 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Vista Outdoor in the second quarter worth about $141,000. Finally, Aperio Group LLC bought a new position in shares of Vista Outdoor in the second quarter worth about $167,000. 94.89% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Christopher T. Metz acquired 33,730 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $4.46 per share, with a total value of $150,435.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Miguel A. Lopez acquired 10,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of $4.81 per share, with a total value of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.
A number of research analysts have recently commented on VSTO shares. B. Riley set a $11.00 price target on shares of Vista Outdoor and gave the stock a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research cut shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a report on Thursday, May 16th. ValuEngine upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Lake Street Capital started coverage on shares of Vista Outdoor in a report on Tuesday, July 9th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Cowen reiterated a “hold” rating and set a $5.00 target price on shares of Vista Outdoor in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Vista Outdoor has an average rating of “Hold” and an average target price of $11.20.
Shares of NYSE VSTO traded up $0.16 during midday trading on Friday, reaching $6.67. 15,088 shares of the stock were exchanged, compared to its average volume of 853,581. The firm has a market cap of $344.21 million, a price-to-earnings ratio of 47.86 and a beta of 0.42. Vista Outdoor Inc has a twelve month low of $4.30 and a twelve month high of $18.18. The firm has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $7.87. The company has a quick ratio of 1.82, a current ratio of 2.96 and a debt-to-equity ratio of 1.37.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The firm had revenue of $459.77 million for the quarter, compared to analyst estimates of $471.41 million. Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. Research analysts expect that Vista Outdoor Inc will post 0.13 EPS for the current fiscal year.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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