Mountain Lake Investment Management LLC Acquires 238,000 Shares of Vista Outdoor Inc (VSTO)

Mountain Lake Investment Management LLC increased its holdings in shares of Vista Outdoor Inc (NYSE:VSTO) by 128.6% during the first quarter, HoldingsChannel reports. The firm owned 423,000 shares of the company’s stock after buying an additional 238,000 shares during the period. Vista Outdoor makes up 3.6% of Mountain Lake Investment Management LLC’s holdings, making the stock its 13th biggest holding. Mountain Lake Investment Management LLC’s holdings in Vista Outdoor were worth $6,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in Vista Outdoor by 739.7% in the first quarter. Prudential Financial Inc. now owns 2,045,780 shares of the company’s stock valued at $33,388,000 after acquiring an additional 1,802,152 shares in the last quarter. Hosking Partners LLP acquired a new stake in Vista Outdoor in the fourth quarter valued at approximately $9,791,000. Bogle Investment Management L P DE acquired a new stake in Vista Outdoor in the fourth quarter valued at approximately $9,502,000. Frontier Capital Management Co. LLC boosted its stake in Vista Outdoor by 18.6% in the first quarter. Frontier Capital Management Co. LLC now owns 3,562,257 shares of the company’s stock valued at $58,136,000 after acquiring an additional 559,015 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Vista Outdoor in the fourth quarter valued at approximately $6,789,000.

NYSE VSTO opened at $16.60 on Thursday. The firm has a market capitalization of $959.41 million, a price-to-earnings ratio of 33.20 and a beta of -0.38. Vista Outdoor Inc has a 12-month low of $12.35 and a 12-month high of $25.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.07 and a quick ratio of 1.96.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Tuesday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). The company had revenue of $571.20 million during the quarter, compared to analysts’ expectations of $519.41 million. Vista Outdoor had a positive return on equity of 2.33% and a negative net margin of 2.61%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. equities analysts anticipate that Vista Outdoor Inc will post 0.2 earnings per share for the current year.

In other Vista Outdoor news, CEO Christopher T. Metz bought 20,000 shares of Vista Outdoor stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average price of $13.21 per share, with a total value of $264,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary L. Mcarthur bought 9,270 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, May 8th. The shares were acquired at an average cost of $13.49 per share, with a total value of $125,052.30. Following the acquisition, the director now owns 20,761 shares of the company’s stock, valued at $280,065.89. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Several equities research analysts have weighed in on VSTO shares. ValuEngine downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday, April 21st. Cowen restated a “hold” rating and issued a $14.50 target price on shares of Vista Outdoor in a research note on Tuesday, May 1st. Finally, DA Davidson restated a “hold” rating on shares of Vista Outdoor in a research note on Monday, May 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.79.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands.

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

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