Alliancebernstein L.P. acquired a new position in shares of Revelyst, Inc. (NYSE:GEAR – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 88,070 shares of the company’s stock, valued at approximately $1,694,000. Alliancebernstein L.P. owned 0.15% of Revelyst as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of Revelyst during the 4th quarter worth $26,000. PNC Financial Services Group Inc. acquired a new position in Revelyst during the 4th quarter worth about $36,000. Jones Financial Companies Lllp purchased a new position in Revelyst during the 4th quarter valued at about $42,000. KBC Group NV acquired a new position in Revelyst in the 4th quarter valued at about $43,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Revelyst during the fourth quarter worth about $61,000. 90.51% of the stock is owned by hedge funds and other institutional investors.
Revelyst Stock Up 4.5 %
Shares of GEAR opened at $20.08 on Friday. Revelyst, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $20.09. The business’s 50 day simple moving average is $20.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a market cap of $1.17 billion, a P/E ratio of -111.56 and a beta of 0.75.
Revelyst Company Profile
Vista Outdoor Inc is the parent company of renowned brands which design, manufacture and market sporting and outdoor products. The company’s operating segment includes Outdoor Products and Sporting Products. Its brand portfolio includes Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more.
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