Engineers Gate Manager LP lowered its position in shares of Vista Outdoor (NYSE:VSTO) by 22.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 116,434 shares of the company’s stock after selling 34,520 shares during the period. Engineers Gate Manager LP owned 0.20% of Vista Outdoor worth $1,900,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Vista Outdoor by 4.2% during the fourth quarter. BlackRock Inc. now owns 7,297,642 shares of the company’s stock worth $106,328,000 after acquiring an additional 291,411 shares during the last quarter. Aviance Capital Partners LLC bought a new position in Vista Outdoor in the 4th quarter valued at about $521,000. Crossmark Global Holdings Inc. bought a new position in Vista Outdoor in the 4th quarter valued at about $167,000. Spark Investment Management LLC bought a new position in Vista Outdoor in the 4th quarter valued at about $6,789,000. Finally, Bogle Investment Management L P DE bought a new position in Vista Outdoor in the 4th quarter valued at about $9,502,000.
In other Vista Outdoor news, CEO Christopher T. Metz purchased 20,000 shares of the business’s stock in a transaction on Friday, May 4th. The stock was bought at an average cost of $13.21 per share, with a total value of $264,200.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary L. Mcarthur purchased 9,270 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average cost of $13.49 per share, with a total value of $125,052.30. Following the completion of the acquisition, the director now directly owns 20,761 shares in the company, valued at approximately $280,065.89. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Tuesday, May 1st. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). Vista Outdoor had a negative net margin of 2.61% and a positive return on equity of 2.33%. The business had revenue of $571.20 million during the quarter, compared to analyst estimates of $519.41 million. During the same period in the previous year, the company posted $0.03 earnings per share. Vista Outdoor’s revenue was down 1.3% compared to the same quarter last year. equities research analysts forecast that Vista Outdoor will post 0.18 EPS for the current year.
A number of equities analysts recently issued reports on VSTO shares. Roth Capital reiterated a “hold” rating and issued a $14.00 target price on shares of Vista Outdoor in a research report on Monday, February 5th. DA Davidson increased their target price on shares of Vista Outdoor to $17.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. ValuEngine lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, April 21st. Finally, Cowen reiterated a “hold” rating and issued a $14.50 target price on shares of Vista Outdoor in a research report on Tuesday, May 1st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and a consensus target price of $19.79.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands.
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