Maverick Capital Ltd. Buys 1,619 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Maverick Capital Ltd. raised its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,173 shares of the company’s stock after acquiring an additional 1,619 shares during the period. Maverick Capital Ltd. owned approximately 0.07% of Vista Outdoor worth $1,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Vista Outdoor by 19.2% during the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares during the period. Westchester Capital Management LLC bought a new position in Vista Outdoor during the 3rd quarter worth $34,842,000. Charles Schwab Investment Management Inc. increased its stake in Vista Outdoor by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock worth $34,146,000 after acquiring an additional 2,411 shares during the period. Bank of New York Mellon Corp raised its holdings in Vista Outdoor by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after acquiring an additional 5,945 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Vista Outdoor by 4,019.4% during the 3rd quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock valued at $12,400,000 after acquiring an additional 308,811 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.63 on Friday. The stock has a 50-day moving average price of $43.20 and a two-hundred day moving average price of $39.39. Vista Outdoor Inc. has a 12 month low of $26.05 and a 12 month high of $44.72. The company has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Analysts expect that Vista Outdoor Inc. will post 4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Vista Outdoor has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Profile

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.