Trexquant Investment LP Makes New $686,000 Investment in Vista Outdoor Inc. (NYSE:VSTO)

Trexquant Investment LP acquired a new position in shares of Vista Outdoor Inc. (NYSE:VSTOGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,597 shares of the company’s stock, valued at approximately $686,000.

Several other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Vista Outdoor during the second quarter worth about $4,112,000. Sigma Planning Corp grew its holdings in shares of Vista Outdoor by 8.3% during the second quarter. Sigma Planning Corp now owns 15,249 shares of the company’s stock worth $425,000 after buying an additional 1,167 shares during the last quarter. UBS Group AG grew its holdings in shares of Vista Outdoor by 168.0% during the second quarter. UBS Group AG now owns 169,843 shares of the company’s stock worth $4,739,000 after buying an additional 106,469 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Vista Outdoor by 144.4% during the second quarter. Bank of Montreal Can now owns 118,424 shares of the company’s stock worth $4,569,000 after buying an additional 69,978 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Vista Outdoor by 34.5% during the second quarter. JPMorgan Chase & Co. now owns 141,141 shares of the company’s stock worth $3,938,000 after buying an additional 36,204 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insider Activity at Vista Outdoor

In related news, insider Kelly L. Reisdorf sold 1,356 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $27.69, for a total value of $37,547.64. Following the completion of the sale, the insider now owns 13,644 shares in the company, valued at $377,802.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.17% of the stock is owned by insiders.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $26.99 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.28 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.53 billion, a P/E ratio of 3.50 and a beta of 0.81. Vista Outdoor Inc. has a 52 week low of $23.55 and a 52 week high of $52.69. The company has a 50-day moving average price of $26.29 and a 200 day moving average price of $29.80.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VSTO shares. MKM Partners lowered their price target on Vista Outdoor from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Jefferies Financial Group started coverage on Vista Outdoor in a report on Tuesday, September 20th. They set a “hold” rating and a $26.00 price target on the stock. Lake Street Capital lowered their price target on Vista Outdoor from $53.00 to $45.00 in a report on Monday, November 7th. Finally, StockNews.com lowered Vista Outdoor from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

About Vista Outdoor

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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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