Nordea Investment Management AB boosted its position in Vista Outdoor Inc. (NYSE:VSTO) by 18.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 103,209 shares of the company’s stock after acquiring an additional 15,737 shares during the period. Nordea Investment Management AB owned about 0.18% of Vista Outdoor worth $2,368,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in VSTO. FMR LLC grew its stake in Vista Outdoor by 70.0% in the 2nd quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after acquiring an additional 2,838,686 shares during the period. BlackRock Inc. boosted its holdings in shares of Vista Outdoor by 23.5% in the 2nd quarter. BlackRock Inc. now owns 6,998,726 shares of the company’s stock valued at $157,542,000 after purchasing an additional 1,331,085 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Vista Outdoor by 41.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock valued at $80,224,000 after purchasing an additional 1,041,884 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Vista Outdoor in the 2nd quarter valued at $21,423,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Vista Outdoor by 18.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,523,517 shares of the company’s stock valued at $124,334,000 after purchasing an additional 852,195 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.
In other Vista Outdoor news, Director Tig H. Krekel bought 3,000 shares of Vista Outdoor stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the acquisition, the director now owns 7,684 shares of the company’s stock, valued at approximately $102,427.72. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 9th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The business had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. equities research analysts forecast that Vista Outdoor Inc. will post 0.57 EPS for the current year.
A number of equities analysts have weighed in on VSTO shares. KeyCorp started coverage on shares of Vista Outdoor in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. BidaskClub lowered shares of Vista Outdoor from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Vista Outdoor from a “buy” rating to a “sell” rating in a report on Tuesday, October 24th. DA Davidson lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. Finally, Cowen reiterated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Vista Outdoor has an average rating of “Hold” and an average price target of $23.40.
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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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