Western Wealth Management LLC Acquires New Position in Vista Outdoor Inc. (NYSE:VSTO)

Western Wealth Management LLC bought a new position in shares of Vista Outdoor Inc. (NYSE:VSTOFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,304 shares of the company’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in Vista Outdoor in the second quarter worth about $26,000. Fifth Third Bancorp grew its position in shares of Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares in the last quarter. CWM LLC increased its holdings in shares of Vista Outdoor by 68.4% in the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after acquiring an additional 405 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Vista Outdoor by 480.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,219 shares of the company’s stock valued at $34,000 after acquiring an additional 1,009 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Vista Outdoor by 794.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the company’s stock worth $54,000 after purchasing an additional 1,731 shares during the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on VSTO shares. Monness Crespi & Hardt increased their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Roth Mkm increased their price objective on shares of Vista Outdoor from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Lake Street Capital decreased their target price on Vista Outdoor from $38.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. StockNews.com upgraded Vista Outdoor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 1st. Finally, TheStreet lowered Vista Outdoor from a “b-” rating to a “c-” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vista Outdoor has a consensus rating of “Buy” and an average target price of $32.33.

View Our Latest Analysis on VSTO

Vista Outdoor Stock Performance

Shares of NYSE:VSTO opened at $29.59 on Wednesday. The firm’s 50 day moving average is $28.75 and its two-hundred day moving average is $28.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. Vista Outdoor Inc. has a 52 week low of $23.33 and a 52 week high of $33.78.

Insider Buying and Selling

In related news, CEO Gary L. Mcarthur acquired 1,735 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $25.94 per share, for a total transaction of $45,005.90. Following the completion of the purchase, the chief executive officer now directly owns 94,560 shares in the company, valued at $2,452,886.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Vista Outdoor Profile

(Free Report)

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. 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 for hunters, recreational shooters, federal and local law enforcement agencies, and military.

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

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