Two Sigma Securities LLC Takes $567,000 Position in Revelyst, Inc. (NYSE:GEAR)

Two Sigma Securities LLC 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 institutional investor bought 29,476 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently added to or reduced their stakes in GEAR. State of Alaska Department of Revenue purchased a new stake in shares of Revelyst in the 4th quarter valued at approximately $637,000. Natixis Advisors LLC acquired a new position in Revelyst in the fourth quarter valued at approximately $230,000. American Century Companies Inc. acquired a new position in shares of Revelyst in the 4th quarter valued at $32,228,000. Franklin Resources Inc. acquired a new position in Revelyst in the fourth quarter valued at $2,720,000. Finally, Bank of New York Mellon Corp acquired a new position in Revelyst during the fourth quarter worth approximately $7,811,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Revelyst Trading Up 4.5 %

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

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.