KCG Holdings Inc. purchased a new stake in Vista Outdoor Inc. (NYSE:VSTO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,562 shares of the company’s stock, valued at approximately $382,000.
Other large investors have also modified their holdings of the company. Oxford Asset Management boosted its position in shares of Vista Outdoor by 1,007.1% in the first quarter. Oxford Asset Management now owns 418,476 shares of the company’s stock worth $8,616,000 after buying an additional 380,675 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Vista Outdoor during the first quarter worth about $129,000. AQR Capital Management LLC boosted its position in shares of Vista Outdoor by 7.5% in the fourth quarter. AQR Capital Management LLC now owns 122,657 shares of the company’s stock worth $4,526,000 after buying an additional 8,541 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Vista Outdoor during the first quarter worth about $1,137,000. Finally, Highbridge Capital Management LLC boosted its position in shares of Vista Outdoor by 358.1% in the fourth quarter. Highbridge Capital Management LLC now owns 330,059 shares of the company’s stock worth $12,179,000 after buying an additional 258,006 shares in the last quarter. Institutional investors own 96.45% of the company’s stock.
Shares of Vista Outdoor Inc. (VSTO) opened at 23.07 on Tuesday. The stock has a 50 day moving average of $22.48 and a 200-day moving average of $24.42. The company’s market cap is $1.32 billion. Vista Outdoor Inc. has a 12 month low of $18.32 and a 12 month high of $52.08.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.15. Vista Outdoor had a negative net margin of 10.78% and a positive return on equity of 7.62%. The business had revenue of $578.80 million during the quarter, compared to analyst estimates of $565.19 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts forecast that Vista Outdoor Inc. will post $1.23 EPS for the current year.
A number of research analysts recently issued reports on VSTO shares. DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating and set a $28.00 price objective on shares of Vista Outdoor in a report on Friday. Off Wall Street started coverage on shares of Vista Outdoor in a report on Wednesday, March 22nd. They set a “buy” rating and a $29.00 price objective for the company. Roth Capital set a $20.00 price objective on shares of Vista Outdoor and gave the company a “hold” rating in a report on Saturday, May 13th. Finally, Cowen and Company restated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.14.
Vista Outdoor Company Profile
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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