Paloma Partners Management Co Purchases New Holdings in Vista Outdoor Inc (NYSE:VSTO)

Paloma Partners Management Co purchased a new stake in shares of Vista Outdoor Inc (NYSE:VSTO) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,763 shares of the company’s stock, valued at approximately $167,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VSTO. Atria Investments LLC purchased a new position in Vista Outdoor in the second quarter worth about $748,000. GSA Capital Partners LLP raised its holdings in Vista Outdoor by 17.4% in the second quarter. GSA Capital Partners LLP now owns 49,553 shares of the company’s stock worth $440,000 after buying an additional 7,361 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vista Outdoor by 9.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 255,182 shares of the company’s stock worth $2,266,000 after buying an additional 21,894 shares during the last quarter. Stone Ridge Asset Management LLC raised its holdings in Vista Outdoor by 20.4% in the second quarter. Stone Ridge Asset Management LLC now owns 45,990 shares of the company’s stock worth $408,000 after buying an additional 7,800 shares during the last quarter. Finally, 6 Meridian raised its holdings in Vista Outdoor by 4.5% in the second quarter. 6 Meridian now owns 61,728 shares of the company’s stock worth $548,000 after buying an additional 2,661 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

In related news, CEO Christopher T. Metz purchased 33,730 shares of Vista Outdoor stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $4.46 per share, for a total transaction of $150,435.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Miguel A. Lopez purchased 10,000 shares of Vista Outdoor stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $4.81 per share, with a total value of $48,100.00. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Several brokerages have issued reports on VSTO. B. Riley set a $11.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a report on Monday. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Cowen reaffirmed a “hold” rating and issued a $5.00 target price on shares of Vista Outdoor in a report on Monday. Finally, Lake Street Capital began coverage on shares of Vista Outdoor in a report on Tuesday, July 9th. They issued a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.20.

Shares of Vista Outdoor stock opened at $5.74 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.82 and a current ratio of 2.96. The stock has a market capitalization of $353.45 million, a PE ratio of 41.00 and a beta of 0.44. Vista Outdoor Inc has a 52-week low of $4.30 and a 52-week high of $16.68. The company has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $7.60.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The company had revenue of $459.77 million during the quarter, compared to the consensus estimate of $471.41 million. The company’s revenue was down 13.1% compared to the same quarter last year. As a group, equities research analysts forecast that Vista Outdoor Inc will post 0.13 EPS for the current fiscal year.

Vista Outdoor 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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