Bank of New York Mellon Corp Purchases Shares of 406,208 Revelyst, Inc. (NYSE:GEAR)

Bank of New York Mellon Corp purchased a new stake in Revelyst, Inc. (NYSE:GEAR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 406,208 shares of the company’s stock, valued at approximately $7,811,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in Revelyst in the fourth quarter valued at approximately $26,000. KBC Group NV purchased a new position in shares of Revelyst during the fourth quarter worth approximately $43,000. Nisa Investment Advisors LLC purchased a new position in shares of Revelyst during the fourth quarter worth approximately $61,000. World Equity Group Inc. purchased a new position in shares of Revelyst during the fourth quarter worth approximately $202,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Revelyst during the fourth quarter worth approximately $345,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Revelyst Trading Up 4.5 %

Shares of GEAR opened at $20.08 on Friday. 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 stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -111.56 and a beta of 0.75. The business’s 50 day simple moving average is $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.