Vista Outdoor Inc. (NYSE:VSTO) Position Increased by Slotnik Capital LLC

Slotnik Capital LLC grew its position in Vista Outdoor Inc. (NYSE:VSTO) by 528.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,000 shares of the company’s stock after acquiring an additional 423,000 shares during the period. Vista Outdoor comprises 6.6% of Slotnik Capital LLC’s portfolio, making the stock its 7th largest holding. Slotnik Capital LLC owned 0.86% of Vista Outdoor worth $19,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Maverick Capital Ltd. grew its holdings in Vista Outdoor by 4.4% in the third quarter. Maverick Capital Ltd. now owns 38,173 shares of the company’s stock valued at $1,496,000 after purchasing an additional 1,619 shares during the period. Westchester Capital Management LLC acquired a new position in shares of Vista Outdoor during the third quarter worth $34,842,000. Twin Securities Inc. acquired a new position in shares of Vista Outdoor during the third quarter worth $4,097,000. Verition Fund Management LLC raised its holdings in Vista Outdoor by 4,019.4% in the third quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock valued at $12,400,000 after acquiring an additional 308,811 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Vista Outdoor by 1.7% in the third quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock valued at $960,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on VSTO. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. StockNews.com began coverage on shares of Vista Outdoor in a research report on Saturday, November 23rd. They set a “buy” rating for the company. Finally, Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO opened at $44.63 on Friday. The firm has a 50-day moving average price of $43.20 and a 200 day moving average price of $39.39. The firm has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 52-week low of $26.05 and a 52-week high of $44.72.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. Vista Outdoor’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.

Vista Outdoor 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.