HBK Investments L P trimmed its position in shares of Vista Outdoor Inc (NYSE:VSTO) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,843,400 shares of the company’s stock after selling 6,600 shares during the quarter. HBK Investments L P owned approximately 3.21% of Vista Outdoor worth $26,858,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VSTO. RiverGlades Family Offices LLC purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at $156,000. First Mercantile Trust Co. lifted its position in shares of Vista Outdoor by 42.8% in the fourth quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock valued at $166,000 after acquiring an additional 3,421 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at $167,000. Two Sigma Investments LP purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at $234,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at $277,000.
Several brokerages have recently issued reports on VSTO. Roth Capital set a $17.00 price objective on Vista Outdoor and gave the company a “hold” rating in a research report on Friday, February 9th. DA Davidson upped their price objective on Vista Outdoor to $17.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. ValuEngine downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Forward View downgraded Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research report on Monday, November 13th. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and an average target price of $20.94.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 8th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Vista Outdoor had a positive return on equity of 3.45% and a negative net margin of 1.88%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $566.98 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. analysts predict that Vista Outdoor Inc will post 0.57 EPS for the current fiscal year.
About Vista Outdoor
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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