Assenagon Asset Management S.A. Boosts Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Assenagon Asset Management S.A. increased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 172.3% during the 4th 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 acquiring an additional 298,199 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.81% of Vista Outdoor worth $13,936,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in Vista Outdoor by 57.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company's stock valued at $88,136,000 after acquiring an additional 1,086,671 shares during the period. SG Americas Securities LLC acquired a new stake in Vista Outdoor in the 4th quarter valued at $529,000. Exchange Traded Concepts LLC increased its stake in Vista Outdoor by 16,623.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,546 shares of the company's stock valued at $401,000 after purchasing an additional 13,465 shares in the last quarter. American Century Companies Inc. increased its stake in Vista Outdoor by 16.6% during 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 in the last quarter. Finally, Deutsche Bank AG raised its holdings in Vista Outdoor by 19.5% during the third quarter. Deutsche Bank AG now owns 27,741 shares of the company's stock worth $919,000 after buying an additional 4,522 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Thursday. They issued a "buy" rating on the stock. Monness Crespi & Hardt increased their price objective on Vista Outdoor from $34.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Finally, Roth Mkm lifted their target price on Vista Outdoor from $29.00 to $31.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.33.

Vista Outdoor Stock Down 1.0 %

NYSE:VSTO traded down $0.34 on Friday, hitting $32.78. The stock had a trading volume of 513,595 shares, compared to its average volume of 631,812. Vista Outdoor Inc. has a 1 year low of $23.33 and a 1 year high of $33.96. The firm's fifty day simple moving average is $30.81 and its two-hundred day simple moving average is $29.13. The stock has a market cap of $1.91 billion, a P/E ratio of -5.48 and a beta of 0.96. 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 (NYSE:VSTO - Get Free Report) last posted 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 analysts' expectations of $687.85 million. 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.