Towerview LLC Invests $294,000 in Vista Outdoor Inc. (NYSE:VSTO)

Towerview LLC purchased a new position in Vista Outdoor Inc. (NYSE:VSTO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,500 shares of the company’s stock, valued at approximately $294,000. Vista Outdoor makes up about 0.2% of Towerview LLC’s holdings, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares in the last quarter. American Century Companies Inc. raised its stake in Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Vista Outdoor by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Vista Outdoor by 7.0% in the first quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company’s stock valued at $16,452,000 after purchasing an additional 32,675 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Vista Outdoor by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 410,125 shares of the company’s stock valued at $13,444,000 after purchasing an additional 10,000 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Price Performance

NYSE VSTO traded up $0.05 on Thursday, reaching $44.18. 31,460 shares of the company’s stock traded hands, compared to its average volume of 596,605. Vista Outdoor Inc. has a 12 month low of $25.25 and a 12 month high of $44.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The stock has a 50-day simple moving average of $41.98 and a 200 day simple moving average of $38.66. The stock has a market cap of $2.58 billion, a PE ratio of -245.17 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same period last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts predict that Vista Outdoor Inc. will post 3.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VSTO. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on shares of Vista Outdoor in a research note on Thursday, November 7th. They issued a “buy” rating on the stock. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.