Twin Securities Inc. purchased a new stake in shares of Revelyst, Inc. (NYSE:GEAR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 504,940 shares of the company’s stock, valued at approximately $9,710,000. Revelyst comprises about 5.7% of Twin Securities Inc.’s investment portfolio, making the stock its 9th biggest holding. Twin Securities Inc. owned approximately 0.86% of Revelyst as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in GEAR. Nisa Investment Advisors LLC purchased a new stake in Revelyst during the 4th quarter valued at $61,000. Curated Wealth Partners LLC purchased a new position in shares of Revelyst during the fourth quarter valued at $451,000. KBC Group NV bought a new stake in Revelyst during the fourth quarter valued at about $43,000. Robeco Institutional Asset Management B.V. bought a new stake in Revelyst during the fourth quarter valued at about $2,194,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in Revelyst in the fourth quarter worth about $4,751,000. 90.51% of the stock is currently owned by institutional investors.
Revelyst Stock Up 4.5%
Revelyst stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. Revelyst, Inc. has a 52 week low of $18.90 and a 52 week high of $20.09. The firm has a market capitalization of $1.17 billion, a P/E ratio of -111.56 and a beta of 0.75. The business’s 50-day moving average price is $20.08.
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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