Maverick Capital Ltd. Has $1.38 Million Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Maverick Capital Ltd. raised its position in Vista Outdoor Inc. (NYSE:VSTO) by 262.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,554 shares of the company’s stock after purchasing an additional 26,455 shares during the quarter. Maverick Capital Ltd. owned 0.06% of Vista Outdoor worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VSTO. Black Diamond Capital Management L.L.C. raised its position in Vista Outdoor by 149.9% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after buying an additional 417,050 shares during the last quarter. Norges Bank bought a new position in shares of Vista Outdoor during the 4th quarter worth approximately $9,884,000. American Century Companies Inc. raised its holdings in shares of Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares during the last quarter. Marshall Wace LLP lifted its position in shares of 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 in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Vista Outdoor by 445.4% in the fourth 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 in the last quarter. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $39.33 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average price is $39.16 and its two-hundred day moving average price is $36.23. The company has a market cap of $2.30 billion, a PE ratio of -357.55 and a beta of 0.81. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $41.11.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $664.05 million. During the same quarter in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that Vista Outdoor Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VSTO shares. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. 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 upped their target price on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. B. Riley downgraded 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. Finally, StockNews.com initiated coverage on Vista Outdoor in a research note on Saturday. They set a “buy” rating on the stock. Four equities research 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.com, Vista Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Vista Outdoor 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.