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.
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.
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