SG Americas Securities LLC Has $667,000 Position in Vista Outdoor Inc. (VSTO)
SG Americas Securities LLC lowered its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 45.1% during the third quarter, Holdings Channel reports. The institutional investor owned 16,728 shares of the company’s stock after selling 13,761 shares during the period. SG Americas Securities LLC’s holdings in Vista Outdoor were worth $667,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in shares of Vista Outdoor during the third quarter worth $100,000. PNC Financial Services Group Inc. increased its position in shares of Vista Outdoor by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,233 shares of the company’s stock worth $107,000 after buying an additional 188 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Vista Outdoor by 36.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the company’s stock worth $110,000 after buying an additional 611 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock worth $116,000 after buying an additional 95 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in shares of Vista Outdoor during the second quarter worth $119,000. 95.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded down 2.97% on Friday, reaching $28.70. 3,280,649 shares of the company were exchanged. The company’s 50-day moving average price is $38.07 and its 200 day moving average price is $41.21. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 9.60 and a beta of 0.31. Vista Outdoor Inc. has a 12 month low of $28.03 and a 12 month high of $53.91.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 10th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. The firm earned $684 million during the quarter, compared to analysts’ expectations of $660.17 million. Vista Outdoor had a net margin of 7.26% and a return on equity of 9.36%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, equities research analysts expect that Vista Outdoor Inc. will post $2.64 EPS for the current year.
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A number of brokerages have weighed in on VSTO. Jefferies Group set a $45.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research note on Friday. CL King began coverage on shares of Vista Outdoor in a research report on Monday, September 19th. They set a “buy” rating and a $45.00 price target for the company. Roth Capital cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Thursday. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Saturday, December 17th. Finally, Wunderlich lowered their price target on shares of Vista Outdoor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vista Outdoor has a consensus rating of “Buy” and a consensus target price of $46.20.
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.
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