Vista Outdoor Inc. (NYSE:VSTO) Position Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Vista Outdoor Inc. (NYSE:VSTOGet Rating) by 7.8% during the third quarter, Holdings Channel reports. The firm owned 39,137 shares of the company’s stock after selling 3,298 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vista Outdoor were worth $951,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SummerHaven Investment Management LLC increased its holdings in shares of Vista Outdoor by 32.3% in the 3rd quarter. SummerHaven Investment Management LLC now owns 28,545 shares of the company’s stock worth $694,000 after acquiring an additional 6,967 shares during the period. Louisiana State Employees Retirement System bought a new position in Vista Outdoor in the 3rd quarter valued at about $657,000. Pacer Advisors Inc. grew its position in Vista Outdoor by 78.2% in the 3rd quarter. Pacer Advisors Inc. now owns 643,639 shares of the company’s stock valued at $15,653,000 after buying an additional 282,543 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Vista Outdoor during the 3rd quarter valued at about $29,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Vista Outdoor by 25.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 23,442 shares of the company’s stock valued at $570,000 after purchasing an additional 4,746 shares in the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSTO has been the subject of several research reports. Lake Street Capital reduced their price objective on shares of Vista Outdoor from $53.00 to $45.00 in a research report on Monday, November 7th. MKM Partners decreased their target price on shares of Vista Outdoor from $54.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, October 25th. Jefferies Financial Group initiated coverage on shares of Vista Outdoor in a research report on Tuesday, September 20th. They issued a “hold” rating and a $26.00 price target for the company. Finally, StockNews.com lowered shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vista Outdoor has a consensus rating of “Hold” and a consensus target price of $45.00.

Vista Outdoor Trading Up 3.4 %

NYSE:VSTO opened at $25.94 on Monday. Vista Outdoor Inc. has a 12 month low of $22.97 and a 12 month high of $48.41. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 3.36 and a beta of 0.87. 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’s 50 day moving average is $26.12 and its 200-day moving average is $27.38.

Insider Activity

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

Vista Outdoor 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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