Mutual of America Capital Management LLC Sells 782 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Mutual of America Capital Management LLC cut its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,785 shares of the company’s stock after selling 782 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vista Outdoor were worth $344,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after acquiring an additional 54,189 shares during the period. American Century Companies Inc. grew its holdings 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of Vista Outdoor by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the period. Principal Financial Group Inc. raised its stake in shares of Vista Outdoor by 2.8% in the third quarter. Principal Financial Group Inc. now owns 295,083 shares of the company’s stock valued at $11,561,000 after purchasing an additional 7,975 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Vista Outdoor by 5.4% in the third quarter. Empowered Funds LLC now owns 266,421 shares of the company’s stock worth $10,438,000 after purchasing an additional 13,534 shares during the period. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.63 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 1 year low of $26.05 and a 1 year high of $44.72. The firm has a 50 day moving average of $42.99 and a 200-day moving average of $39.28.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, sell-side analysts anticipate that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Saturday, November 23rd. They issued a “buy” rating on the stock. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, August 7th. Finally, Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.