Renaissance Technologies LLC Makes New $2.95 Million Investment in Vista Outdoor Inc. (NYSE:VSTO)

Renaissance Technologies LLC acquired a new position in Vista Outdoor Inc. (NYSE:VSTO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 78,300 shares of the company’s stock, valued at approximately $2,948,000. Renaissance Technologies LLC owned approximately 0.13% of Vista Outdoor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its stake in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Headlands Technologies LLC bought a new position in Vista Outdoor in the 2nd quarter valued at about $91,000. Texas Permanent School Fund Corp increased its holdings in Vista Outdoor by 9.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 55,812 shares of the company’s stock valued at $2,101,000 after buying an additional 4,922 shares during the period. Quest Partners LLC increased its holdings in Vista Outdoor by 66,716.7% in the 2nd quarter. Quest Partners LLC now owns 12,027 shares of the company’s stock valued at $453,000 after buying an additional 12,009 shares during the period. Finally, Arizona State Retirement System increased its holdings in Vista Outdoor by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Saturday. They issued a “buy” rating on the stock. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Wednesday, August 7th. Finally, Roth Mkm downgraded shares of 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. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vista Outdoor has an average rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Stock Down 0.4 %

Vista Outdoor stock opened at $39.18 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor Inc. has a 12-month low of $23.33 and a 12-month high of $41.11. The firm’s fifty day moving average is $39.18 and its 200 day moving average is $36.34. The company has a market capitalization of $2.29 billion, a PE ratio of -356.18 and a beta of 0.81.

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

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.