The Manufacturers Life Insurance Company Lowers Position in Vista Outdoor Inc. (NYSE:VSTO)

The Manufacturers Life Insurance Company cut its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,447 shares of the company’s stock after selling 267 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vista Outdoor were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Vista Outdoor by 11.7% in the 3rd quarter. Larson Financial Group LLC now owns 87,233 shares of the company’s stock worth $3,418,000 after purchasing an additional 9,162 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Vista Outdoor by 6.5% during the 3rd quarter. Cerity Partners LLC now owns 20,700 shares of the company’s stock valued at $811,000 after purchasing an additional 1,264 shares during the period. Charles Schwab Investment Management Inc. raised its position in Vista Outdoor by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock worth $34,146,000 after acquiring an additional 2,411 shares during the period. Intech Investment Management LLC grew its holdings in Vista Outdoor by 99.0% during the third quarter. Intech Investment Management LLC now owns 24,459 shares of the company’s stock valued at $958,000 after purchasing an additional 12,168 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of Vista Outdoor by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock valued at $445,000 after acquiring an additional 394 shares during the period. Institutional investors own 90.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com assumed coverage on Vista Outdoor in a research note on Monday. They set a “buy” rating on the stock. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Thursday, September 19th. Finally, Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

VSTO stock opened at $44.63 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. Vista Outdoor Inc. has a one year low of $26.05 and a one year high of $44.72. The firm’s fifty day moving average is $44.06 and its 200 day moving average is $39.99. The firm has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. During the same quarter last year, the business posted $0.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Vista Outdoor Inc. will post 4 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 Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.