Assenagon Asset Management S.A. Has $13.94 Million Position in Vista Outdoor Inc. (NYSE:VSTO)

Assenagon Asset Management S.A. increased its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 172.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,284 shares of the company’s stock after buying an additional 298,199 shares during the quarter. Assenagon Asset Management S.A. owned 0.81% of Vista Outdoor worth $13,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VSTO. Pacer Advisors Inc. increased its holdings in Vista Outdoor by 57.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock valued at $88,136,000 after buying an additional 1,086,671 shares during the period. SG Americas Securities LLC acquired a new position in Vista Outdoor in the fourth quarter worth about $529,000. Exchange Traded Concepts LLC lifted its stake in Vista Outdoor by 16,623.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,546 shares of the company’s stock worth $401,000 after purchasing an additional 13,465 shares during the period. American Century Companies Inc. grew its stake in shares of Vista Outdoor by 16.6% in the 3rd quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after purchasing an additional 123,307 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Vista Outdoor by 19.5% in the 3rd quarter. Deutsche Bank AG now owns 27,741 shares of the company’s stock worth $919,000 after buying an additional 4,522 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VSTO shares. Monness Crespi & Hardt upped their price target on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm upped their target price on shares of Vista Outdoor from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, StockNews.com began coverage on shares of Vista Outdoor in a report on Thursday. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Vista Outdoor has an average rating of “Moderate Buy” and an average price target of $32.33.

Vista Outdoor Stock Down 1.0 %

VSTO stock opened at $32.78 on Friday. 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 twelve month low of $23.33 and a twelve month high of $33.96. The business has a 50 day moving average price of $30.75 and a two-hundred day moving average price of $29.09.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The firm had revenue of $682.25 million during the quarter, compared to the consensus estimate of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. On average, sell-side analysts predict that Vista Outdoor Inc. will post 3.87 EPS for the current year.

Vista Outdoor Company 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.