Exchange Traded Concepts LLC Cuts Stake in Vista Outdoor Inc. (NYSE:VSTO)

Exchange Traded Concepts LLC lessened its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 22.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,752 shares of the company’s stock after selling 2,292 shares during the period. Exchange Traded Concepts LLC’s holdings in Vista Outdoor were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VSTO. ProShare Advisors LLC grew its stake in shares of Vista Outdoor by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after purchasing an additional 802 shares in the last quarter. Curated Wealth Partners LLC boosted its position in shares of Vista Outdoor by 97.0% during the 3rd quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock worth $2,074,000 after acquiring an additional 26,054 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vista Outdoor by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after acquiring an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Vista Outdoor by 80.3% in the 1st quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock valued at $1,368,000 after acquiring an additional 18,585 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after acquiring an additional 185,181 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $44.09 on Monday. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $40.23 and its 200 day moving average price is $37.32. Vista Outdoor Inc. has a 52 week low of $23.33 and a 52 week high of $44.40. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -339.15 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data 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. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The business had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same period last year, the company posted $1.12 EPS. The company’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts forecast that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Thursday, September 19th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Profile

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.