Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its stake in shares of Vista Outdoor Inc. (NYSE:VSTOGet Rating) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,081 shares of the company’s stock after selling 440 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Vista Outdoor were worth $560,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Vista Outdoor by 3.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 8,576 shares of the company’s stock worth $306,000 after buying an additional 301 shares during the period. Rhumbline Advisers boosted its holdings in shares of Vista Outdoor by 0.3% in the first quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock worth $4,480,000 after buying an additional 334 shares during the period. M&T Bank Corp boosted its holdings in shares of Vista Outdoor by 4.2% during the first quarter. M&T Bank Corp now owns 8,558 shares of the company’s stock worth $305,000 after purchasing an additional 347 shares during the period. Purus Wealth Management LLC boosted its holdings in shares of Vista Outdoor by 5.0% during the second quarter. Purus Wealth Management LLC now owns 9,015 shares of the company’s stock worth $252,000 after purchasing an additional 426 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Vista Outdoor by 6.8% during the first quarter. Guggenheim Capital LLC now owns 7,283 shares of the company’s stock worth $260,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insiders Place Their Bets

In other Vista Outdoor news, insider Kelly L. Reisdorf sold 1,356 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $27.69, for a total transaction of $37,547.64. Following the transaction, the insider now owns 13,644 shares of the company’s stock, valued at approximately $377,802.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.17% of the company’s stock.

Vista Outdoor Trading Up 1.4 %

NYSE VSTO opened at $26.62 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 2.28. Vista Outdoor Inc. has a one year low of $23.55 and a one year high of $52.69. The company has a 50-day simple moving average of $26.42 and a 200-day simple moving average of $30.07. The firm has a market capitalization of $1.51 billion, a PE ratio of 3.45 and a beta of 0.81.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Capital cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $53.00 to $32.00 in a report on Tuesday, July 26th. MKM Partners cut their price objective on shares of Vista Outdoor from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Lake Street Capital cut their price objective on shares of Vista Outdoor from $53.00 to $45.00 in a research report on Monday, November 7th. StockNews.com downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Finally, Jefferies Financial Group initiated coverage on Vista Outdoor in a report on Tuesday, September 20th. They issued a “hold” rating and a $26.00 price objective for the company. 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, Vista Outdoor currently has a consensus rating of “Hold” and an average target price 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.

See Also

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

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