World Equity Group Inc. Invests $202,000 in Revelyst, Inc. (NYSE:GEAR)

World Equity Group Inc. purchased a new position in shares of Revelyst, Inc. (NYSE:GEAR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,512 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. acquired a new position in shares of Revelyst during the fourth quarter worth about $26,000. KBC Group NV acquired a new position in shares of Revelyst during the fourth quarter worth about $43,000. Nisa Investment Advisors LLC acquired a new position in shares of Revelyst during the fourth quarter worth about $61,000. New York State Common Retirement Fund acquired a new position in shares of Revelyst during the fourth quarter worth about $345,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Revelyst during the fourth quarter worth about $402,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Revelyst Stock Up 4.5 %

Shares of Revelyst stock opened at $20.08 on Tuesday. Revelyst, Inc. has a 52-week low of $18.90 and a 52-week high of $20.09. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $19.83. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -111.56 and a beta of 0.75.

Revelyst 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.