Vista Outdoor Inc. (NYSE:VSTO) Stock Position Lifted by Tenzing Global Management LLC

Tenzing Global Management LLC grew its position in Vista Outdoor Inc. (NYSE:VSTO) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Vista Outdoor makes up approximately 9.8% of Tenzing Global Management LLC’s portfolio, making the stock its 3rd largest holding. Tenzing Global Management LLC owned 0.60% of Vista Outdoor worth $13,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its position in 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 acquiring an additional 303 shares during the period. Natixis Advisors LLC increased its position in Vista Outdoor by 3.6% during 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. BNP Paribas Financial Markets lifted its holdings in shares of Vista Outdoor by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock worth $960,000 after acquiring an additional 400 shares during the period. SummerHaven Investment Management LLC increased its stake in Vista Outdoor by 1.7% in 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 period. Finally, Louisiana State Employees Retirement System lifted its stake in Vista Outdoor by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after purchasing an additional 500 shares during the period. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Stock Performance

Shares of NYSE:VSTO opened at $44.63 on Friday. The firm’s 50 day simple moving average is $43.61 and its 200 day simple moving average is $39.67. Vista Outdoor Inc. has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate 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 company had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter in the prior year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Vista Outdoor Inc. will post 4 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on VSTO. StockNews.com assumed coverage on shares of Vista Outdoor in a research note on Sunday, December 1st. They issued a “buy” rating on the stock. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. 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 report on Thursday, September 19th. Finally, Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.20.

About Vista Outdoor

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.