State Board of Administration of Florida Retirement System Lowers Holdings in Vista Outdoor Inc. (NYSE:VSTO)

State Board of Administration of Florida Retirement System lessened its holdings in Vista Outdoor Inc. (NYSE:VSTOGet Rating) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,081 shares of the company’s stock after selling 440 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Vista Outdoor were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Point72 Hong Kong Ltd lifted its position in Vista Outdoor by 1,313.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company’s stock worth $104,000 after buying an additional 2,718 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Vista Outdoor during the 2nd quarter worth approximately $117,000. CX Institutional bought a new stake in Vista Outdoor during the 2nd quarter valued at $147,000. KBC Group NV purchased a new stake in shares of Vista Outdoor in the first quarter worth about $207,000. Finally, Versor Investments LP bought a new position in shares of Vista Outdoor in the first quarter worth approximately $207,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSTO has been the topic of a number of research analyst reports. StockNews.com cut Vista Outdoor from a “buy” rating to a “hold” rating in a report on Friday, November 4th. MKM Partners cut their target price on Vista Outdoor from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Lake Street Capital decreased their price target on Vista Outdoor from $53.00 to $45.00 in a report on Monday, November 7th. Jefferies Financial Group assumed coverage on Vista Outdoor in a research note on Tuesday, September 20th. They set a “hold” rating and a $26.00 target price for the company. Finally, Roth Capital cut Vista Outdoor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $32.00 in a report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Vista Outdoor Stock Up 1.4 %

VSTO opened at $26.62 on Friday. Vista Outdoor Inc. has a twelve month low of $23.55 and a twelve month high of $52.69. The company has a quick ratio of 1.00, a current ratio of 2.28 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $26.42 and a 200 day moving average price of $30.07. The company has a market cap of $1.51 billion, a PE ratio of 3.45 and a beta of 0.81.

Insider Transactions at Vista Outdoor

In other Vista Outdoor news, insider Kelly L. Reisdorf sold 1,356 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $27.69, for a total transaction of $37,547.64. Following the completion of the transaction, the insider now directly owns 13,644 shares of the company’s stock, valued at approximately $377,802.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.17% of the company’s stock.

Vista Outdoor Company Profile

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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets 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 that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

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

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