Verition Fund Management LLC Grows Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Verition Fund Management LLC raised its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 4,019.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 316,494 shares of the company’s stock after purchasing an additional 308,811 shares during the period. Verition Fund Management LLC’s holdings in Vista Outdoor were worth $12,400,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. purchased a new stake in Vista Outdoor in the 2nd quarter worth $36,000. Sound Income Strategies LLC purchased a new position in Vista Outdoor in the 3rd quarter worth approximately $41,000. Innealta Capital LLC bought a new position in Vista Outdoor in the 2nd quarter worth approximately $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor during the 2nd quarter valued at approximately $91,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor during the third quarter valued at approximately $204,000. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Price Performance

Shares of VSTO opened at $44.63 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $43.20 and a 200 day moving average of $39.39. The company has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a 52-week low of $26.05 and a 52-week high of $44.72.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. During the same quarter last year, the business earned $0.96 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Vista Outdoor Inc. will post 4 EPS for the current year.

Analysts Set New Price Targets

VSTO has been the subject of a number of research reports. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. StockNews.com initiated coverage on Vista Outdoor in a report on Sunday. They set a “buy” rating for the company. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Finally, Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Vista Outdoor currently has an average 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.