PNC Financial Services Group Inc. Makes New Investment in Revelyst, Inc. (NYSE:GEAR)

PNC Financial Services Group Inc. acquired a new stake in Revelyst, Inc. (NYSE:GEAR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,879 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also recently made changes to their positions in GEAR. Blue Trust Inc. bought a new position in Revelyst in the fourth quarter worth about $26,000. Jones Financial Companies Lllp bought a new position in shares of Revelyst in the 4th quarter worth approximately $42,000. KBC Group NV bought a new position in shares of Revelyst in the 4th quarter worth approximately $43,000. Nisa Investment Advisors LLC purchased a new position in shares of Revelyst in the 4th quarter valued at approximately $61,000. Finally, World Equity Group Inc. bought a new stake in shares of Revelyst during the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Revelyst Trading Up 4.5 %

GEAR opened at $20.08 on Friday. 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 company has a market capitalization of $1.17 billion, a P/E ratio of -111.56 and a beta of 0.75. The business has a fifty day moving average price of $20.08. Revelyst, Inc. has a 12-month low of $18.90 and a 12-month high of $20.09.

About Revelyst

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.