Ardsley Advisory Partners LP Takes $2.88 Million Position in Revelyst, Inc. (NYSE:GEAR)

Ardsley Advisory Partners LP acquired a new position in shares of Revelyst, Inc. (NYSE:GEAR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $2,884,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in shares of Revelyst in the 4th quarter valued at approximately $95,824,000. Dimensional Fund Advisors LP acquired a new stake in Revelyst during the 4th quarter valued at $68,599,000. American Century Companies Inc. purchased a new stake in shares of Revelyst in the fourth quarter valued at $32,228,000. Jane Street Group LLC acquired a new stake in shares of Revelyst in the fourth quarter worth $28,126,000. Finally, Geode Capital Management LLC purchased a new position in shares of Revelyst during the fourth quarter valued at $26,003,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Revelyst Trading Up 4.5 %

NYSE:GEAR opened at $20.08 on Friday. The company’s fifty day simple moving average is $20.08. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -111.56 and a beta of 0.75. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Revelyst, Inc. has a 1-year low of $18.90 and a 1-year 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.