Pacer Advisors Inc. Sells 467,577 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Pacer Advisors Inc. decreased its stake in Vista Outdoor Inc. (NYSE:VSTO) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,145,716 shares of the company’s stock after selling 467,577 shares during the quarter. Pacer Advisors Inc. owned 5.39% of Vista Outdoor worth $123,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Vista Outdoor by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after purchasing an additional 303 shares during the period. Kennedy Capital Management LLC increased its position in Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares during the period. Natixis Advisors LLC lifted its stake in shares of Vista Outdoor by 3.6% in the third quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after acquiring an additional 394 shares during the period. SummerHaven Investment Management LLC boosted its position in Vista Outdoor by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after acquiring an additional 443 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Vista Outdoor by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after buying an additional 500 shares during the period. Institutional investors own 90.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VSTO. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Friday, November 15th. They set a “buy” rating on the stock. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. 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. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Performance

VSTO stock opened at $44.25 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of -245.83 and a beta of 0.79. The business has a 50-day moving average price of $42.62 and a 200 day moving average price of $39.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. Vista Outdoor Inc. has a 1-year low of $25.57 and a 1-year high of $44.48.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vista Outdoor Inc. will post 4 EPS 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.