Charles Schwab Investment Management Inc. Makes New Investment in Revelyst, Inc. (NYSE:GEAR)

Charles Schwab Investment Management Inc. acquired a new position in Revelyst, Inc. (NYSE:GEAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 507,869 shares of the company’s stock, valued at approximately $9,766,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in Revelyst in the fourth quarter worth $26,000. Jones Financial Companies Lllp acquired a new position in Revelyst in the fourth quarter worth $42,000. KBC Group NV acquired a new position in Revelyst in the fourth quarter worth $43,000. Nisa Investment Advisors LLC acquired a new position in Revelyst in the fourth quarter worth $61,000. Finally, World Equity Group Inc. acquired a new position in Revelyst in the fourth quarter worth $202,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Revelyst Price Performance

Revelyst stock 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 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 12 month low of $18.90 and a 12 month high of $20.09. The stock has a fifty day simple moving average of $20.08.

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.