Hosking Partners LLP Acquires New Holdings in Vista Outdoor Inc (VSTO)
Hosking Partners LLP acquired a new position in Vista Outdoor Inc (NYSE:VSTO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 671,983 shares of the company’s stock, valued at approximately $9,791,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Vista Outdoor by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 866,432 shares of the company’s stock worth $19,876,000 after buying an additional 31,591 shares during the period. SG Americas Securities LLC purchased a new stake in Vista Outdoor in the third quarter worth about $599,000. Piedmont Investment Advisors LLC purchased a new stake in Vista Outdoor in the second quarter worth about $278,000. Schwab Charles Investment Management Inc. lifted its holdings in Vista Outdoor by 20.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 497,561 shares of the company’s stock worth $11,415,000 after buying an additional 85,698 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Vista Outdoor by 4.8% in the second quarter. Vanguard Group Inc. now owns 5,346,858 shares of the company’s stock worth $120,358,000 after buying an additional 242,701 shares during the period.
Several brokerages have commented on VSTO. DA Davidson raised their price objective on shares of Vista Outdoor to $17.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Roth Capital set a $17.00 price objective on shares of Vista Outdoor and gave the stock a “hold” rating in a report on Friday, February 9th. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Forward View lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price objective for the company. in a report on Monday, November 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.78.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $566.98 million. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue was down 11.1% on a year-over-year basis. sell-side analysts predict that Vista Outdoor Inc will post 0.57 EPS for the current fiscal year.
In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of the stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the acquisition, the chief executive officer now owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Gottfredson bought 5,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of $14.60 per share, with a total value of $73,000.00. Following the completion of the acquisition, the director now directly owns 21,716 shares of the company’s stock, valued at approximately $317,053.60. The disclosure for this purchase can be found here. Insiders have bought 13,000 shares of company stock valued at $191,175 over the last quarter. Company insiders own 1.50% of the company’s stock.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
Want to see what other hedge funds are holding VSTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vista Outdoor Inc (NYSE:VSTO).
Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.