Hancock Whitney Corp Reduces Stock Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Hancock Whitney Corp reduced its holdings in Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,841 shares of the company’s stock after selling 602 shares during the period. Hancock Whitney Corp’s holdings in Vista Outdoor were worth $264,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in shares of Vista Outdoor in the 2nd quarter valued at $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Vista Outdoor in the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC boosted its holdings in shares of Vista Outdoor by 7,775.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,260 shares of the company’s stock valued at $31,000 after acquiring an additional 1,244 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of Vista Outdoor by 1,313.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company’s stock valued at $104,000 after acquiring an additional 2,718 shares during the last quarter. Finally, Islay Capital Management LLC boosted its holdings in shares of Vista Outdoor by 27.1% in the 2nd quarter. Islay Capital Management LLC now owns 3,280 shares of the company’s stock valued at $92,000 after acquiring an additional 700 shares during the last quarter. 85.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VSTO has been the topic of a number of recent analyst reports. MKM Partners lowered their price target on shares of Vista Outdoor from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Jefferies Financial Group initiated coverage on shares of Vista Outdoor in a report on Tuesday, September 20th. They set a “hold” rating and a $26.00 price target on the stock. Lake Street Capital lowered their price target on shares of Vista Outdoor from $53.00 to $45.00 in a report on Monday, November 7th. Finally, StockNews.com downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.00.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $25.94 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 2.28. The company has a fifty day moving average of $26.12 and a two-hundred day moving average of $27.38. The stock has a market capitalization of $1.47 billion, a PE ratio of 3.36 and a beta of 0.87. Vista Outdoor Inc. has a fifty-two week low of $22.97 and a fifty-two week high of $48.41.

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 shares were sold at an average price of $27.69, for a total transaction of $37,547.64. Following the completion of the transaction, the insider now directly owns 13,644 shares in the company, valued at $377,802.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.17% of the stock is currently owned by company insiders.

Vista Outdoor Company Profile

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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.