Vista Outdoor Inc (NYSE:VSTO) Stock Holdings Decreased by Comerica Bank

Comerica Bank trimmed its holdings in Vista Outdoor Inc (NYSE:VSTO) by 66.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 56,981 shares of the company’s stock after selling 110,379 shares during the period. Comerica Bank owned 0.10% of Vista Outdoor worth $456,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Vista Outdoor by 40.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock valued at $58,000 after buying an additional 1,488 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Vista Outdoor by 112.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after buying an additional 6,991 shares in the last quarter. Paloma Partners Management Co purchased a new position in Vista Outdoor in the fourth quarter valued at about $153,000. Hsbc Holdings PLC increased its holdings in Vista Outdoor by 62.6% in the fourth quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock valued at $188,000 after buying an additional 6,352 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Vista Outdoor in the fourth quarter valued at about $189,000. 94.25% of the stock is owned by institutional investors and hedge funds.

VSTO stock traded up $0.06 during mid-day trading on Monday, hitting $8.94. 356,500 shares of the company were exchanged, compared to its average volume of 539,022. The firm has a market cap of $512.60 million, a P/E ratio of 63.86 and a beta of 0.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.88. Vista Outdoor Inc has a twelve month low of $7.47 and a twelve month high of $19.41. The stock’s fifty day moving average is $8.62.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The company had revenue of $515.34 million for the quarter, compared to analyst estimates of $503.17 million. During the same period in the prior year, the business earned ($0.22) earnings per share. Vista Outdoor’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts expect that Vista Outdoor Inc will post 0.3 EPS for the current year.

Several research firms have recently commented on VSTO. ValuEngine upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the stock a “buy” rating in a research note on Thursday, June 20th. Zacks Investment Research downgraded shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 16th. Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, May 10th. Finally, Cowen reaffirmed a “hold” rating and set a $12.00 price target on shares of Vista Outdoor in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Vista Outdoor presently has an average rating of “Hold” and an average price target of $14.60.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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

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