Rhumbline Advisers Acquires Shares of 154,558 Revelyst, Inc. (NYSE:GEAR)

Rhumbline Advisers bought a new position in shares of Revelyst, Inc. (NYSE:GEAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 154,558 shares of the company’s stock, valued at approximately $2,972,000. Rhumbline Advisers owned about 0.26% of Revelyst at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GEAR. Blue Trust Inc. acquired a new stake in Revelyst during the 4th quarter worth $26,000. KBC Group NV purchased a new stake in shares of Revelyst in the fourth quarter valued at about $43,000. Nisa Investment Advisors LLC acquired a new stake in shares of Revelyst during the fourth quarter worth about $61,000. Yousif Capital Management LLC purchased a new position in shares of Revelyst during the fourth quarter worth about $402,000. Finally, Curated Wealth Partners LLC acquired a new position in Revelyst in the 4th quarter valued at about $451,000. 90.51% of the stock is owned by institutional investors and hedge funds.

Revelyst Stock Up 4.5 %

GEAR opened at $20.08 on Friday. The firm’s 50 day moving average is $19.91. Revelyst, Inc. has a 52 week low of $18.90 and a 52 week high of $20.09. The stock has a market cap of $1.17 billion, a P/E ratio of -111.56 and a beta of 0.75. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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.