New York Life Investment Management LLC lowered its stake in Vista Outdoor Inc. (NYSE:VSTO – Free Report) by 13.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,829 shares of the company’s stock after selling 2,044 shares during the quarter. New York Life Investment Management LLC’s holdings in Vista Outdoor were worth $425,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of VSTO. Quadrant Capital Group LLC grew its stake in 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 purchasing an additional 1,009 shares in the last quarter. Fifth Third Bancorp grew its stake in Vista Outdoor by 208.6% during the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Vista Outdoor by 300.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 173,085 shares of the company’s stock valued at $5,733,000 after purchasing an additional 129,841 shares in the last quarter. Barclays PLC grew its stake in Vista Outdoor by 50.8% during the 3rd quarter. Barclays PLC now owns 496,300 shares of the company’s stock valued at $16,438,000 after purchasing an additional 167,080 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in Vista Outdoor during the 3rd quarter valued at approximately $418,000. Institutional investors and hedge funds own 82.39% of the company’s stock.
Insider Buying and Selling
In related news, CEO Gary L. Mcarthur purchased 1,735 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of $25.94 per share, with a total value of $45,005.90. Following the acquisition, the chief executive officer now owns 94,560 shares in the company, valued at approximately $2,452,886.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.
Vista Outdoor Stock Performance
Analyst Ratings Changes
VSTO has been the subject of a number of recent analyst reports. Monness Crespi & Hardt raised their price objective on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded Vista Outdoor from a “b-” rating to a “c-” rating in a report on Thursday, November 2nd. Lake Street Capital reduced their target price on Vista Outdoor from $38.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. StockNews.com downgraded Vista Outdoor from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Roth Mkm increased their target price on Vista Outdoor from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Vista Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.
Vista Outdoor Profile
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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