Trade Report: The PNC Financial Services Group Inc. reaches $107,000 position of Vista Outdoor Inc. (VSTO)

The PNC Financial Services Group Inc. reaches $107,000 position  of Vista Outdoor Inc. (VSTO)

PNC Financial Services Group Inc. raised its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,233 shares of the company’s stock after buying an additional 188 shares during the period. PNC Financial Services Group Inc.’s holdings in Vista Outdoor were worth $107,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. UBS Group AG raised its stake in shares of Vista Outdoor by 8.8% in the first quarter. UBS Group AG now owns 40,381 shares of the company’s stock valued at $2,095,000 after buying an additional 3,266 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Vista Outdoor by 46.6% in the first quarter. Meeder Asset Management Inc. now owns 14,796 shares of the company’s stock valued at $768,000 after buying an additional 4,706 shares during the period. State Street Corp raised its stake in shares of Vista Outdoor by 0.4% in the first quarter. State Street Corp now owns 1,521,918 shares of the company’s stock valued at $79,002,000 after buying an additional 6,063 shares during the period. OMERS ADMINISTRATION Corp raised its stake in shares of Vista Outdoor by 89.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 26,500 shares of the company’s stock valued at $1,376,000 after buying an additional 12,500 shares during the period. Finally, Credit Agricole S A raised its stake in shares of Vista Outdoor by 1,439.4% in the first quarter. Credit Agricole S A now owns 105,600 shares of the company’s stock valued at $5,482,000 after buying an additional 98,740 shares during the period. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Inc. (NYSE:VSTO) traded up 1.43% on Wednesday, reaching $37.56. 64,662 shares of the company’s stock were exchanged. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 16.30 and a beta of 0.30. Vista Outdoor Inc. has a 52 week low of $37.00 and a 52 week high of $53.91. The stock’s 50 day moving average is $39.10 and its 200 day moving average is $46.00.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 11th. The company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.21. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The firm had revenue of $630.30 million for the quarter, compared to analyst estimates of $669.04 million. During the same period in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities analysts anticipate that Vista Outdoor Inc. will post $2.65 earnings per share for the current year.

VSTO has been the topic of several analyst reports. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, August 9th. Roth Capital set a $57.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating on shares of Vista Outdoor in a report on Monday, July 11th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $45.00 target price on shares of Vista Outdoor in a report on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $52.22.

About Vista Outdoor

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. The Company’s Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

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