Vista Outdoor Inc. (VSTO) Shares Bought by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC increased its stake in Vista Outdoor Inc. (NYSE:VSTO) by 36.2% during the second quarter, Holdings Channel reports. The firm owned 2,298 shares of the company’s stock after buying an additional 611 shares during the period. Tower Research Capital LLC TRC’s holdings in Vista Outdoor were worth $110,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Vista Outdoor by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $107,000 after buying an additional 188 shares during the last quarter. Invictus RG purchased a new stake in Vista Outdoor during the first quarter worth approximately $120,000. Glenmede Trust Co. NA boosted its stake in Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock worth $116,000 after buying an additional 95 shares in the last quarter. IFP Advisors Inc boosted its stake in Vista Outdoor by 3.2% in the first quarter. IFP Advisors Inc now owns 2,567 shares of the company’s stock worth $133,000 after buying an additional 80 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Vista Outdoor by 64.9% in the second quarter. LS Investment Advisors LLC now owns 3,741 shares of the company’s stock worth $179,000 after buying an additional 1,472 shares in the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.
Vista Outdoor Inc. (NYSE:VSTO) opened at 37.19 on Friday. Vista Outdoor Inc. has a 1-year low of $37.00 and a 1-year high of $53.91. The stock’s 50 day moving average is $39.00 and its 200-day moving average is $45.88. The firm has a market capitalization of $2.24 billion, a P/E ratio of 16.14 and a beta of 0.30.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.21. The firm had revenue of $630.30 million for the quarter, compared to analysts’ expectations of $669.04 million. Vista Outdoor had a net margin of 5.96% and a return on equity of 9.13%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Analysts forecast that Vista Outdoor Inc. will post $2.65 EPS for the current year.
VSTO has been the subject of a number of research analyst reports. Forward View reaffirmed a “buy” rating and issued a $43.00 target price on shares of Vista Outdoor in a research note on Saturday, October 8th. CL King initiated coverage on shares of Vista Outdoor in a research note on Monday, September 19th. They issued a “buy” rating and a $45.00 target price for the company. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Roth Capital set a $57.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Vista Outdoor currently has an average rating of “Buy” and an average target price of $52.22.
About Vista Outdoor
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. The Company’s 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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