Public Sector Pension Investment Board Increases Position in Vista Outdoor Inc. (NYSE:VSTO)

Public Sector Pension Investment Board lifted its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,010 shares of the company’s stock after purchasing an additional 8,820 shares during the quarter. Public Sector Pension Investment Board’s holdings in Vista Outdoor were worth $4,820,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VSTO. Quadrature Capital Ltd lifted its stake in shares of Vista Outdoor by 228.0% in the fourth quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after purchasing an additional 24,087 shares during the period. ProShare Advisors LLC lifted its position in shares of Vista Outdoor by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after acquiring an additional 802 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Vista Outdoor by 19.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock valued at $13,875,000 after purchasing an additional 76,353 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Vista Outdoor by 445.4% during the 4th quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after purchasing an additional 88,181 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Vista Outdoor by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after buying an additional 8,521 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Stock Down 0.2 %

Shares of NYSE:VSTO opened at $39.15 on Friday. The stock has a 50-day simple moving average of $39.13 and a 200-day simple moving average of $36.18. The stock has a market capitalization of $2.29 billion, a P/E ratio of -355.91 and a beta of 0.81. Vista Outdoor Inc. has a 1 year low of $23.33 and a 1 year high of $41.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Equities analysts forecast that Vista Outdoor Inc. will post 3.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, August 7th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, September 19th. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vista Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

About Vista Outdoor

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.