Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,636 shares of the company’s stock after selling 1,900 shares during the period. Nisa Investment Advisors LLC’s holdings in Vista Outdoor were worth $78,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Vista Outdoor by 76.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock worth $1,100,000 after acquiring an additional 13,341 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Vista Outdoor in the first quarter worth approximately $398,000. Private Advisor Group LLC acquired a new stake in shares of Vista Outdoor in the first quarter worth approximately $253,000. Citigroup Inc. boosted its position in shares of Vista Outdoor by 8.5% in the first quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock worth $1,861,000 after acquiring an additional 4,087 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Vista Outdoor by 56.3% in the first quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock worth $1,116,000 after acquiring an additional 11,257 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSTO has been the topic of several research analyst reports. Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Monness Crespi & Hardt raised their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. StockNews.com began coverage on shares of Vista Outdoor in a research report on Sunday. They issued a “buy” rating on the stock. Finally, Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $34.67.

Vista Outdoor Trading Up 0.6 %

Shares of VSTO stock opened at $32.36 on Friday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -5.41 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71. Vista Outdoor Inc. has a fifty-two week low of $23.33 and a fifty-two week high of $33.96. The firm’s 50 day moving average price is $31.89 and its two-hundred day moving average price is $29.29.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The firm had revenue of $682.25 million for the quarter, compared to analysts’ expectations of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. On average, analysts anticipate that Vista Outdoor Inc. will post 3.87 EPS for the current year.

Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.