Bank of America Corp DE Cuts Holdings in Vista Outdoor Inc (VSTO)

Bank of America Corp DE decreased its holdings in shares of Vista Outdoor Inc (NYSE:VSTO) by 89.8% during the second quarter, HoldingsChannel.com reports. The firm owned 23,661 shares of the company’s stock after selling 208,044 shares during the period. Bank of America Corp DE’s holdings in Vista Outdoor were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its position in Vista Outdoor by 6.7% during the 2nd quarter. BlackRock Inc. now owns 7,810,248 shares of the company’s stock worth $120,981,000 after purchasing an additional 487,576 shares during the last quarter. Trexquant Investment LP purchased a new stake in Vista Outdoor during the 2nd quarter worth approximately $298,000. Schwab Charles Investment Management Inc. grew its position in Vista Outdoor by 23.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 807,183 shares of the company’s stock worth $12,504,000 after purchasing an additional 154,122 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Vista Outdoor by 33.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 148,796 shares of the company’s stock worth $2,305,000 after purchasing an additional 37,691 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Vista Outdoor by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 439,378 shares of the company’s stock worth $7,171,000 after purchasing an additional 9,293 shares during the last quarter. 98.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE VSTO opened at $12.37 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.69 and a debt-to-equity ratio of 0.63. Vista Outdoor Inc has a 12 month low of $12.30 and a 12 month high of $20.04. The company has a market cap of $729.52 million, a price-to-earnings ratio of 24.74 and a beta of 0.40.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Vista Outdoor had a negative net margin of 2.13% and a negative return on equity of 0.19%. The business had revenue of $546.60 million during the quarter, compared to analysts’ expectations of $541.20 million. During the same period in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Vista Outdoor Inc will post 0.25 earnings per share for the current year.

Several analysts have weighed in on the stock. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, November 6th. Finally, Roth Capital set a $19.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Saturday, August 11th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.88.

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Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

See Also: What are Institutional Investors?

Want to see what other hedge funds are holding VSTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vista Outdoor Inc (NYSE:VSTO).

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

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