Hbk Investments L P Lowers stake in Vista Outdoor Inc (VSTO)

Vista Outdoor Inc (VSTO) : Hbk Investments L P reduced its stake in Vista Outdoor Inc by 23.08% during the most recent quarter end. The investment management company now holds a total of 1,050,000 shares of Vista Outdoor Inc which is valued at $50.2 Million after selling 315,000 shares in Vista Outdoor Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Vista Outdoor Inc makes up approximately 1.11% of Hbk Investments L P’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in VSTO by selling 2,699 shares or 21.25% in the most recent quarter. The Hedge Fund company now holds 10,001 shares of VSTO which is valued at $477,748. Vista Outdoor Inc makes up approx 0.01% of Riverhead Capital Management’s portfolio.Thrivent Financial For Lutherans boosted its stake in VSTO in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 7,850 shares of Vista Outdoor Inc which is valued at $374,995. Oxford Asset Management sold out all of its stake in VSTO during the most recent quarter. The investment firm sold 171,280 shares of VSTO which is valued $8.2 Million.Proshare Advisors boosted its stake in VSTO in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 6,253 shares of Vista Outdoor Inc which is valued at $297,955.Nationwide Fund Advisors boosted its stake in VSTO in the latest quarter, The investment management firm added 18,825 additional shares and now holds a total of 138,398 shares of Vista Outdoor Inc which is valued at $6.6 Million. Vista Outdoor Inc makes up approx 0.03% of Nationwide Fund Advisors’s portfolio.

Vista Outdoor Inc opened for trading at $49.47 and hit $50.34 on the upside on Wednesday, eventually ending the session at $50.2, with a gain of 1.50% or 0.74 points. The heightened volatility saw the trading volume jump to 5,97,386 shares. Company has a market cap of $3,068 M.

On the company’s financial health, Vista Outdoor Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.61. The company had revenue of $612.00 million for the quarter, compared to analysts expectations of $588.77 million. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Vista Outdoor Inc. Company shares were Reiterated by Wunderlich on Feb 26, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $57 .DA Davidson Initiated Vista Outdoor Inc on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $58.

Vista Outdoor Inc. is a designer manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates in two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment’s products include pistol rifle rimfire and shotshell ammunition and primers centerfire rifles rimfire rifles shotguns and range systems. Its Outdoor Products segment’s product lines include optics accessories and eyewear. It serves the outdoor sports and recreation markets through a diverse portfolio of over 30 brands that provide consumers with a range of products including sporting ammunition and firearms outdoor accessories outdoor sports optics golf rangefinders and performance eyewear. It serves a range of end consumers including outdoor enthusiasts hunters and recreational shooters athletes as well as law enforcement and military professionals. Its products are sold through a variety of mass specialty and independent retailers.

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