UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,500 Shares of Vista Outdoor Inc. (NYSE:VSTO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,781 shares of the company’s stock after selling 17,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Vista Outdoor worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. 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% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after buying an additional 185,181 shares in the last quarter. Slotnik Capital LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth approximately $3,012,000. Renaissance Technologies LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth approximately $2,948,000. Finally, Larson Financial Group LLC grew its holdings in shares of Vista Outdoor by 177,334.1% in the second quarter. Larson Financial Group LLC now owns 78,071 shares of the company’s stock valued at $2,939,000 after acquiring an additional 78,027 shares in the last quarter. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Price Performance

VSTO stock opened at $44.63 on Friday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The firm’s 50-day moving average price is $44.26 and its two-hundred day moving average price is $40.09. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 12-month low of $26.05 and a 12-month high of $44.72.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. Vista Outdoor’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. As a group, equities analysts predict that Vista Outdoor Inc. will post 4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VSTO has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Monday, December 9th. They issued a “buy” rating on the stock. Roth Mkm cut 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 note on Thursday, September 19th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” 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.