Wedge Capital Management L L P NC Grows Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Wedge Capital Management L L P NC lifted its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 29.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,014 shares of the company’s stock after acquiring an additional 5,979 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Vista Outdoor were worth $769,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC raised its holdings in Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after buying an additional 405 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Vista Outdoor by 3.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company’s stock valued at $547,000 after buying an additional 490 shares during the last quarter. Arizona State Retirement System raised its holdings in Vista Outdoor by 3.9% during the 3rd quarter. Arizona State Retirement System now owns 16,510 shares of the company’s stock valued at $547,000 after buying an additional 617 shares during the last quarter. Fifth Third Bancorp raised its holdings 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 buying an additional 655 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Vista Outdoor by 162.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $52,000 after buying an additional 975 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Monness Crespi & Hardt upped their price objective on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Roth Mkm upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Sunday, April 21st. They set a “buy” rating on the stock. Finally, Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $34.67.

Vista Outdoor Stock Performance

Shares of NYSE VSTO opened at $34.68 on Friday. The firm’s 50-day moving average price is $32.15 and its 200-day moving average price is $29.37. Vista Outdoor Inc. has a 52-week low of $23.33 and a 52-week high of $34.99. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The business had revenue of $682.25 million during the quarter, compared to the consensus estimate of $687.85 million. As a group, equities analysts predict that Vista Outdoor Inc. will post 3.87 earnings per share 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.