LPL Financial LLC purchased a new stake in Vista Outdoor Inc. (NYSE:VSTO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 12,482 shares of the company’s stock, valued at approximately $297,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in Vista Outdoor by 262.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,482 shares of the company’s stock worth $35,000 after acquiring an additional 1,073 shares in the last quarter. Veriti Management LLC purchased a new stake in Vista Outdoor during the 4th quarter valued at about $51,000. Black Swift Group LLC purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at approximately $119,000. Nkcfo LLC acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at approximately $166,000. Finally, USA Financial Portformulas Corp acquired a new stake in shares of Vista Outdoor in the 4th quarter worth $201,000. Institutional investors and hedge funds own 89.59% of the company’s stock.
Shares of VSTO stock opened at $32.00 on Wednesday. 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 firm has a market cap of $1.87 billion, a P/E ratio of -18.71 and a beta of 0.40. Vista Outdoor Inc. has a 1-year low of $6.52 and a 1-year high of $38.36. The firm’s 50-day simple moving average is $31.88 and its 200-day simple moving average is $26.61.
In related news, insider Jason R. Vanderbrink sold 15,498 shares of the company’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now directly owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.
A number of research firms recently commented on VSTO. Roth Capital assumed coverage on Vista Outdoor in a report on Wednesday, January 6th. They issued a “buy” rating on the stock. Wedbush started coverage on Vista Outdoor in a research report on Thursday, January 21st. They issued an “outperform” rating and a $36.00 target price for the company. TheStreet upgraded Vista Outdoor from a “c” rating to a “b-” rating in a research note on Monday, February 8th. Aegis boosted their price objective on Vista Outdoor from $27.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. Finally, CL King raised their target price on Vista Outdoor from $31.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Buy” and an average price target of $36.78.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.
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