Norges Bank Purchases New Shares in Revelyst, Inc. (NYSE:GEAR)

Norges Bank purchased a new position in Revelyst, Inc. (NYSE:GEAR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 202,395 shares of the company’s stock, valued at approximately $3,892,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of Revelyst in the fourth quarter valued at $95,824,000. American Century Companies Inc. purchased a new stake in Revelyst in the 4th quarter worth about $32,228,000. Charles Schwab Investment Management Inc. acquired a new stake in Revelyst during the 4th quarter worth about $9,766,000. Bank of New York Mellon Corp acquired a new stake in Revelyst during the 4th quarter worth about $7,811,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in Revelyst during the 4th quarter valued at about $4,751,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Revelyst Price Performance

NYSE GEAR opened at $20.08 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.90 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 stock has a 50 day moving average of $20.08. Revelyst, Inc. has a 52-week low of $18.90 and a 52-week high of $20.09.

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.