Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,448 shares of the company’s stock after selling 2,281 shares during the period. Sei Investments Co.’s holdings in Vista Outdoor were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSTO. Black Diamond Capital Management L.L.C. lifted its holdings in shares of Vista Outdoor by 149.9% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after buying an additional 417,050 shares during the period. American Century Companies Inc. grew its stake in shares of Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Vista Outdoor during the 1st quarter valued at approximately $2,711,000. Renaissance Technologies LLC purchased a new position in shares of Vista Outdoor during the 2nd quarter valued at approximately $2,948,000. Finally, Larson Financial Group LLC lifted its stake in shares of Vista Outdoor by 177,334.1% in the 2nd quarter. Larson Financial Group LLC now owns 78,071 shares of the company’s stock valued at $2,939,000 after purchasing an additional 78,027 shares during the period. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Vista Outdoor Price Performance

Shares of Vista Outdoor stock opened at $44.01 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The business has a 50 day simple moving average of $39.42 and a two-hundred day simple moving average of $36.71. The stock has a market capitalization of $2.57 billion, a P/E ratio of -400.09 and a beta of 0.81. Vista Outdoor Inc. has a 12 month low of $23.33 and a 12 month high of $44.14.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. Vista Outdoor’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. As a group, analysts predict that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Lake Street Capital lifted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 7th. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on Vista Outdoor in a research report on Sunday. They issued a “buy” rating for the company. Finally, Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $41.20.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.