Engineers Gate Manager LP boosted its holdings in shares of Vista Outdoor Inc (NYSE:VSTO) by 31.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,954 shares of the company’s stock after purchasing an additional 36,008 shares during the quarter. Engineers Gate Manager LP owned approximately 0.26% of Vista Outdoor worth $2,199,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VSTO. Ameritas Investment Partners Inc. purchased a new position in shares of Vista Outdoor in the second quarter valued at approximately $113,000. Profund Advisors LLC increased its holdings in shares of Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Vista Outdoor in the second quarter valued at approximately $278,000. Suntrust Banks Inc. increased its holdings in shares of Vista Outdoor by 1.9% in the second quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after purchasing an additional 243 shares during the last quarter. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Vista Outdoor in the third quarter valued at approximately $343,000.
In related news, Director Mark A. Gottfredson bought 5,000 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average price of $14.60 per share, with a total value of $73,000.00. Following the purchase, the director now owns 21,716 shares in the company, valued at $317,053.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Metz bought 6,500 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the purchase, the chief executive officer now owns 87,256 shares in the company, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock worth $191,175 in the last quarter. 1.50% of the stock is currently owned by insiders.
Several research firms recently commented on VSTO. Roth Capital reaffirmed a “hold” rating and issued a $14.00 price target on shares of Vista Outdoor in a report on Monday, February 5th. Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. DA Davidson cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. BidaskClub cut Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, ValuEngine cut Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.78.
Vista Outdoor Inc (VSTO) traded up $1.04 on Tuesday, hitting $19.23. The stock had a trading volume of 331,877 shares, compared to its average volume of 888,295. The firm has a market capitalization of $1,022.93, a PE ratio of 24.11, a P/E/G ratio of 3.16 and a beta of -0.22. Vista Outdoor Inc has a twelve month low of $12.35 and a twelve month high of $25.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.13 and a quick ratio of 1.97.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Vista Outdoor had a positive return on equity of 3.45% and a negative net margin of 1.88%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $566.98 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. equities research analysts forecast that Vista Outdoor Inc will post 0.56 earnings per share for the current fiscal year.
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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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