Hotchkis & Wiley Capital Management LLC Has $12.95 Million Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Hotchkis & Wiley Capital Management LLC lowered its position in Vista Outdoor Inc. (NYSE:VSTO) by 6.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 330,470 shares of the company’s stock after selling 24,670 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.57% of Vista Outdoor worth $12,948,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC increased its holdings in Vista Outdoor by 99.0% in the third quarter. Intech Investment Management LLC now owns 24,459 shares of the company’s stock worth $958,000 after purchasing an additional 12,168 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Vista Outdoor by 67.5% during the 3rd quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock valued at $3,208,000 after acquiring an additional 32,991 shares during the period. Curated Wealth Partners LLC lifted its position in shares of Vista Outdoor by 97.0% during the 3rd quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after acquiring an additional 26,054 shares during the period. Verition Fund Management LLC boosted its stake in Vista Outdoor by 4,019.4% during the third quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock worth $12,400,000 after acquiring an additional 308,811 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Vista Outdoor by 2,197.0% in the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after purchasing an additional 185,181 shares during the period. 90.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VSTO shares. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. StockNews.com initiated coverage on Vista Outdoor in a report on Sunday. They issued a “buy” rating on the stock. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

VSTO opened at $44.63 on Wednesday. Vista Outdoor Inc. has a 1 year low of $26.05 and a 1 year high of $44.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The firm’s fifty day moving average price is $43.30 and its two-hundred day moving average price is $39.53.

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 the consensus estimate of $0.92 by $0.11. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.

Vista Outdoor Company 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.