Vista Outdoor Inc. (NYSE:VSTO) Stock Position Boosted by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2,197.0% during the second quarter, Holdings Channel reports. The institutional investor owned 193,610 shares of the company’s stock after acquiring an additional 185,181 shares during the period. Marshall Wace LLP’s holdings in Vista Outdoor were worth $7,289,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VSTO. Arizona State Retirement System grew its stake in shares of Vista Outdoor by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after purchasing an additional 303 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after buying an additional 333 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Vista Outdoor by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after acquiring an additional 443 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Vista Outdoor by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after purchasing an additional 500 shares during the period. Finally, American Capital Advisory LLC lifted its holdings in shares of Vista Outdoor by 4.1% during the first quarter. American Capital Advisory LLC now owns 17,776 shares of the company’s stock valued at $583,000 after purchasing an additional 705 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor Stock Down 0.4 %

Vista Outdoor stock opened at $39.18 on Tuesday. The company has a market capitalization of $2.29 billion, a P/E ratio of -356.18 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 firm’s fifty day simple moving average is $39.18 and its 200-day simple moving average is $36.34. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results 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. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. During the same quarter in the prior year, the company posted $1.12 EPS. The firm’s revenue was down 7.1% on a year-over-year basis. Sell-side analysts forecast that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VSTO. StockNews.com began coverage on Vista Outdoor in a research note on Saturday. They issued a “buy” rating on the stock. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Lake Street Capital lifted their target price on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. 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 report on Wednesday, August 7th. Finally, Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.