Engineers Gate Manager LP Takes Position in Vista Outdoor Inc (NYSE:VSTO)

Engineers Gate Manager LP purchased a new position in Vista Outdoor Inc (NYSE:VSTO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 114,946 shares of the company’s stock, valued at approximately $2,637,000. Engineers Gate Manager LP owned 0.20% of Vista Outdoor at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Vista Outdoor during the 2nd quarter valued at $113,000. Sphera Funds Management LTD. bought a new position in shares of Vista Outdoor in the second quarter worth $135,000. Profund Advisors LLC increased its holdings in shares of Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after purchasing an additional 698 shares during the period. US Bancorp DE increased its holdings in shares of Vista Outdoor by 18.1% in the second quarter. US Bancorp DE now owns 11,418 shares of the company’s stock worth $257,000 after purchasing an additional 1,746 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Vista Outdoor in the second quarter worth $278,000. 99.97% of the stock is currently owned by institutional investors.

In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was acquired at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the purchase, the chief executive officer now owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Gottfredson bought 5,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average cost of $14.60 per share, with a total value of $73,000.00. Following the purchase, the director now directly owns 21,716 shares of the company’s stock, valued at approximately $317,053.60. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 16,000 shares of company stock valued at $231,165. 1.50% of the stock is owned by insiders.

Several research firms have recently weighed in on VSTO. BidaskClub raised shares of Vista Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a research report on Friday, November 10th. Forward View lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research report on Monday, November 13th. Finally, Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Vista Outdoor has a consensus rating of “Hold” and an average target price of $23.40.

Shares of Vista Outdoor Inc (NYSE:VSTO) traded down $0.19 during trading hours on Friday, hitting $14.57. 646,853 shares of the stock traded hands, compared to its average volume of 1,100,000. The company has a market capitalization of $835.21 and a P/E ratio of -1.78. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. Vista Outdoor Inc has a 52-week low of $12.35 and a 52-week high of $39.49.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The firm had revenue of $587.00 million during the quarter, compared to the consensus estimate of $588.85 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. equities research analysts expect that Vista Outdoor Inc will post 0.57 earnings per share for the current fiscal year.

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Vista Outdoor 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.

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

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