Gates Capital Management Inc. acquired a new stake in Revelyst, Inc. (NYSE:GEAR – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,979,899 shares of the company’s stock, valued at approximately $95,763,000. Revelyst accounts for 1.8% of Gates Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Gates Capital Management Inc. owned about 0.09% of Revelyst at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in GEAR. Blue Trust Inc. acquired a new position in Revelyst during the fourth quarter worth $26,000. NewEdge Advisors LLC purchased a new stake in shares of Revelyst in the fourth quarter valued at about $30,000. PNC Financial Services Group Inc. purchased a new position in Revelyst during the fourth quarter worth about $36,000. Jones Financial Companies Lllp bought a new stake in Revelyst in the 4th quarter worth about $42,000. Finally, KBC Group NV purchased a new stake in Revelyst in the 4th quarter valued at about $43,000. Institutional investors own 90.51% of the company’s stock.
Revelyst Trading Up 4.5 %
Shares of GEAR opened at $20.08 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of -111.56 and a beta of 0.75. The firm’s 50 day simple moving average is $20.08. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Revelyst, Inc. has a 12 month low of $18.90 and a 12 month high of $20.09.
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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