Guggenheim Capital LLC Buys Shares of 50,960 Vista Outdoor Inc. (NYSE:VSTO)


Share on StockTwits

Guggenheim Capital LLC bought a new stake in Vista Outdoor Inc. (NYSE:VSTO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,960 shares of the company’s stock, valued at approximately $1,211,000. Guggenheim Capital LLC owned 0.09% of Vista Outdoor as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its holdings in Vista Outdoor by 2.3% in the third quarter. Cubist Systematic Strategies LLC now owns 117,542 shares of the company’s stock valued at $2,372,000 after acquiring an additional 2,647 shares during the period. Point72 Asset Management L.P. lifted its holdings in Vista Outdoor by 188.3% in the third quarter. Point72 Asset Management L.P. now owns 103,500 shares of the company’s stock valued at $2,089,000 after acquiring an additional 67,600 shares during the period. Sei Investments Co. raised its stake in shares of Vista Outdoor by 84.8% during the 3rd quarter. Sei Investments Co. now owns 75,186 shares of the company’s stock worth $1,536,000 after buying an additional 34,490 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Vista Outdoor during the 3rd quarter worth $229,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Vista Outdoor by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,440 shares of the company’s stock worth $849,000 after buying an additional 985 shares during the last quarter. 89.59% of the stock is owned by institutional investors.

VSTO opened at $32.33 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 1.45. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -18.91 and a beta of 0.40. The business has a 50-day moving average of $32.26 and a two-hundred day moving average of $25.90. Vista Outdoor Inc. has a 12 month low of $6.52 and a 12 month high of $38.36.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, February 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.66 by $0.37. The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $525.94 million. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The firm’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. Equities research analysts anticipate that Vista Outdoor Inc. will post 1.97 earnings per share for the current year.

In other Vista Outdoor news, insider Jason R. Vanderbrink sold 15,498 shares of Vista Outdoor stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $33.80, for a total value of $523,832.40. Following the completion of the sale, the insider now owns 91,657 shares in the company, valued at approximately $3,098,006.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

VSTO has been the subject of several research reports. Wedbush initiated coverage on Vista Outdoor in a research note on Thursday, January 21st. They set an “outperform” rating and a $36.00 price target for the company. KeyCorp lifted their price target on Vista Outdoor from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. CL King lifted their price target on Vista Outdoor from $31.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, January 14th. B. Riley lifted their price target on Vista Outdoor from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. Finally, Aegis boosted their target price on shares of Vista Outdoor from $27.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.89.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.

Further Reading: Why are percentage decliners important?

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).

Institutional Ownership by Quarter for Vista Outdoor (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.