Silver Point Capital L.P. Trims Stock Position in Vista Outdoor Inc. (NYSE:VSTO)

Silver Point Capital L.P. lessened its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 865,000 shares of the company’s stock after selling 121,000 shares during the quarter. Vista Outdoor accounts for 2.3% of Silver Point Capital L.P.’s investment portfolio, making the stock its 6th biggest position. Silver Point Capital L.P. owned 1.48% of Vista Outdoor worth $33,891,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VSTO. Twin Securities Inc. purchased a new position in shares of Vista Outdoor in the third quarter worth about $4,097,000. Verition Fund Management LLC boosted its holdings in Vista Outdoor by 4,019.4% during the 3rd quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock valued at $12,400,000 after acquiring an additional 308,811 shares during the period. BNP Paribas Financial Markets grew its position in Vista Outdoor by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock worth $960,000 after acquiring an additional 400 shares during the last quarter. Quantbot Technologies LP purchased a new position in Vista Outdoor in the 3rd quarter worth approximately $755,000. Finally, Larson Financial Group LLC lifted its position in Vista Outdoor by 11.7% in the third quarter. Larson Financial Group LLC now owns 87,233 shares of the company’s stock valued at $3,418,000 after purchasing an additional 9,162 shares during the last quarter. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.63 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $43.09 and its 200-day moving average price is $39.32. The stock has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a 12 month low of $26.05 and a 12 month high of $44.72.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Vista Outdoor’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on VSTO. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 7th. StockNews.com started coverage on shares of Vista Outdoor in a report on Saturday, November 23rd. They issued a “buy” rating on the stock. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vista Outdoor currently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor 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.