Connor Clark & Lunn Investment Management Ltd. Sells 66,375 Shares of Vista Outdoor Inc (VSTO)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Vista Outdoor Inc (NYSE:VSTO) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,400 shares of the company’s stock after selling 66,375 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.60% of Vista Outdoor worth $6,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NumerixS Investment Technologies Inc boosted its holdings in shares of Vista Outdoor by 34.9% in the second quarter. NumerixS Investment Technologies Inc now owns 11,200 shares of the company’s stock worth $177,000 after buying an additional 2,898 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Vista Outdoor by 1.9% in the third quarter. Wells Fargo & Company MN now owns 264,107 shares of the company’s stock worth $4,726,000 after buying an additional 4,835 shares during the period. US Bancorp DE boosted its holdings in shares of Vista Outdoor by 24.9% in the third quarter. US Bancorp DE now owns 24,680 shares of the company’s stock worth $442,000 after buying an additional 4,920 shares during the period. Legal & General Group Plc boosted its holdings in shares of Vista Outdoor by 3.8% in the second quarter. Legal & General Group Plc now owns 168,532 shares of the company’s stock worth $2,625,000 after buying an additional 6,247 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Vista Outdoor by 2.2% in the first quarter. Principal Financial Group Inc. now owns 439,378 shares of the company’s stock worth $7,171,000 after buying an additional 9,293 shares during the period. 98.26% of the stock is currently owned by institutional investors.

Shares of VSTO opened at $11.40 on Monday. Vista Outdoor Inc has a one year low of $11.17 and a one year high of $20.04. The stock has a market capitalization of $656.39 million, a price-to-earnings ratio of 22.80 and a beta of 0.40. The company has a quick ratio of 1.44, a current ratio of 2.69 and a debt-to-equity ratio of 0.63.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, November 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Vista Outdoor had a negative net margin of 2.13% and a negative return on equity of 0.19%. The company had revenue of $546.60 million during the quarter, compared to analysts’ expectations of $541.20 million. During the same period last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, analysts anticipate that Vista Outdoor Inc will post 0.25 earnings per share for the current fiscal year.

Several research analysts have commented on VSTO shares. ValuEngine upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Wednesday, August 15th. Finally, Roth Capital set a $19.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a report on Saturday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.88.

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Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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