Mirae Asset Global Investments Co. Ltd. Buys 2,942 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 12.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 27,374 shares of the company’s stock after acquiring an additional 2,942 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vista Outdoor were worth $809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Tectonic Advisors LLC lifted its position in shares of Vista Outdoor by 8.8% during the 4th quarter. Tectonic Advisors LLC now owns 42,549 shares of the company’s stock valued at $1,258,000 after acquiring an additional 3,440 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Vista Outdoor by 172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after acquiring an additional 298,199 shares during the period. Pacer Advisors Inc. lifted its position in shares of Vista Outdoor by 57.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock valued at $88,136,000 after acquiring an additional 1,086,671 shares during the period. SG Americas Securities LLC bought a new stake in shares of Vista Outdoor during the 4th quarter worth $529,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Vista Outdoor by 16,623.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,546 shares of the company’s stock worth $401,000 after buying an additional 13,465 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $34.47 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2.00 billion, a PE ratio of -5.76 and a beta of 0.96. Vista Outdoor Inc. has a 12 month low of $23.33 and a 12 month high of $34.99. The stock has a 50-day moving average price of $32.06 and a two-hundred day moving average price of $29.33.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Wednesday, January 31st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.04). The firm had revenue of $682.25 million during the quarter, compared to the consensus estimate of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. Analysts expect that Vista Outdoor Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VSTO shares. Roth Capital upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. StockNews.com started coverage on Vista Outdoor in a research report on Sunday. They set a “buy” rating for the company. Roth Mkm upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Finally, Monness Crespi & Hardt upped their price objective on Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $34.67.

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.