Highland Capital Management LLC Has $247,000 Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Highland Capital Management LLC boosted its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,307 shares of the company’s stock after purchasing an additional 633 shares during the period. Highland Capital Management LLC’s holdings in Vista Outdoor were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSTO. American Century Companies Inc. increased its holdings in Vista Outdoor by 19.2% during the 2nd 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 in the last quarter. Marshall Wace LLP increased its stake in shares of Vista Outdoor by 2,197.0% in the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Vista Outdoor in the 1st quarter valued at $2,711,000. Slotnik Capital LLC acquired a new stake in shares of Vista Outdoor in the 2nd quarter valued at $3,012,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vista Outdoor in the 2nd quarter valued at $2,948,000. 90.51% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor Stock Performance

VSTO stock opened at $43.92 on Monday. The business’s 50-day moving average price is $40.76 and its two-hundred day moving average price is $37.73. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.56 billion, a PE ratio of -399.27 and a beta of 0.81. Vista Outdoor Inc. has a 1-year low of $24.30 and a 1-year high of $44.40.

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

Wall Street Analysts Forecast Growth

VSTO has been the subject of several research reports. StockNews.com initiated coverage on Vista Outdoor in a research note on Tuesday, October 22nd. They issued a “buy” rating for the company. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Lake Street Capital raised their price target on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Finally, Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.