Vista Outdoor Inc. (VSTO) Position Increased by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,819,735 shares of the company’s stock after acquiring an additional 3,239 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 3.19% of Vista Outdoor worth $40,962,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Sphera Funds Management LTD. bought a new stake in Vista Outdoor during the second quarter worth $135,000. Segantii Capital Management Ltd bought a new stake in Vista Outdoor during the first quarter worth $164,000. Neuburgh Advisers LLC lifted its holdings in Vista Outdoor by 405.6% during the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock worth $180,000 after acquiring an additional 7,008 shares during the period. US Bancorp DE lifted its holdings in Vista Outdoor by 26.9% during the first quarter. US Bancorp DE now owns 9,672 shares of the company’s stock worth $199,000 after acquiring an additional 2,052 shares during the period. Finally, Clinton Group Inc. bought a new stake in Vista Outdoor during the first quarter worth $208,000. Institutional investors and hedge funds own 96.45% of the company’s stock.
VSTO has been the topic of a number of recent analyst reports. DA Davidson upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a research note on Friday, July 14th. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 15th. Aegis restated a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a research note on Monday, August 21st. Finally, Forward View restated a “hold” rating and issued a $23.00 target price on shares of Vista Outdoor in a research note on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and a consensus price target of $29.54.
Shares of Vista Outdoor Inc. (NYSE VSTO) traded down 0.14% during mid-day trading on Wednesday, hitting $21.39. The company’s stock had a trading volume of 168,484 shares. Vista Outdoor Inc. has a 52-week low of $19.72 and a 52-week high of $41.29. The company’s market cap is $1.22 billion. The stock’s 50 day moving average price is $20.65 and its 200 day moving average price is $20.59.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The company had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $552.49 million. During the same period last year, the firm earned $0.48 EPS. Vista Outdoor’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities analysts forecast that Vista Outdoor Inc. will post $1.24 EPS for the current year.
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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. 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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