Pacer Advisors Inc. Sells 672,229 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Pacer Advisors Inc. reduced its position in Vista Outdoor Inc. (NYSE:VSTO) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,613,293 shares of the company’s stock after selling 672,229 shares during the quarter. Pacer Advisors Inc. owned approximately 6.19% of Vista Outdoor worth $136,040,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Vista Outdoor during the second quarter valued at $463,000. Resolute Capital Asset Partners LLC bought a new stake in shares of Vista Outdoor during the 2nd quarter valued at about $1,130,000. XTX Topco Ltd acquired a new stake in Vista Outdoor during the second quarter worth approximately $626,000. Kendall Capital Management increased its holdings in Vista Outdoor by 5.1% in the second quarter. Kendall Capital Management now owns 24,913 shares of the company’s stock worth $938,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Vista Outdoor during the 2nd quarter worth approximately $2,948,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $39.46 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of -358.68 and a beta of 0.81. Vista Outdoor Inc. has a one year low of $23.33 and a one year high of $41.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The business has a fifty day moving average price of $38.99 and a 200-day moving average price of $35.97.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Monday, August 5th. The company reported $1.01 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 business had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Vista Outdoor Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VSTO shares. StockNews.com started coverage on shares of Vista Outdoor in a research report on Friday. They set a “buy” rating on the stock. 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. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Lake Street Capital increased their price target on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

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.