Acadian Asset Management LLC Sells 184,123 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Acadian Asset Management LLC lowered its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 41.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,819 shares of the company’s stock after selling 184,123 shares during the period. Acadian Asset Management LLC’s holdings in Vista Outdoor were worth $5,142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VSTO. Advisor Group Holdings Inc. bought a new stake in Vista Outdoor during the first quarter worth about $38,000. State Street Corp lifted its stake in Vista Outdoor by 7.1% during the first quarter. State Street Corp now owns 1,792,927 shares of the company’s stock worth $15,778,000 after purchasing an additional 119,443 shares during the last quarter. SG Americas Securities LLC lifted its stake in Vista Outdoor by 58.9% during the second quarter. SG Americas Securities LLC now owns 32,510 shares of the company’s stock worth $470,000 after purchasing an additional 12,053 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Vista Outdoor during the second quarter worth about $1,601,000. Finally, Nisa Investment Advisors LLC lifted its stake in Vista Outdoor by 90.9% during the second quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the company’s stock worth $91,000 after purchasing an additional 3,000 shares during the last quarter. 89.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:VSTO opened at $20.99 on Friday. Vista Outdoor Inc. has a 1 year low of $4.29 and a 1 year high of $24.94. The company has a market cap of $1.22 billion, a PE ratio of -12.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 1.45. The stock’s 50-day moving average is $21.25 and its 200 day moving average is $16.51.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.46. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The company had revenue of $575.18 million for the quarter, compared to the consensus estimate of $506.39 million. The business’s quarterly revenue was up 29.2% on a year-over-year basis. Analysts expect that Vista Outdoor Inc. will post 1.97 EPS for the current fiscal year.

Several brokerages have issued reports on VSTO. KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Monday, November 9th. Aegis started coverage on Vista Outdoor in a report on Thursday, September 24th. They issued a “buy” rating and a $27.00 price objective on the stock. William Blair started coverage on Vista Outdoor in a report on Friday, September 4th. They issued an “outperform” rating on the stock. CL King upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Friday, November 6th. Finally, Monness Crespi & Hardt lifted their price objective on Vista Outdoor from $15.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.57.

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 in two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products that include centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; archery and hunting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, and decoys; optics products, such as binoculars, riflescopes, and telescopes; and shooting accessories that consist of reloading equipment, clay targets, and premium gun care products.

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

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