Mint Tower Capital Management B.V. Invests $4.26 Million in REV Group, Inc. $REVG

Mint Tower Capital Management B.V. purchased a new stake in shares of REV Group, Inc. (NYSE:REVG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $4,257,000.

A number of other institutional investors and hedge funds have also modified their holdings of REVG. Arrowstreet Capital Limited Partnership grew its holdings in shares of REV Group by 473.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,203,063 shares of the company’s stock valued at $68,178,000 after buying an additional 993,153 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of REV Group by 95.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,415,966 shares of the company’s stock valued at $86,105,000 after buying an additional 691,091 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of REV Group by 52.3% during the third quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company’s stock valued at $83,765,000 after buying an additional 507,524 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of REV Group during the third quarter valued at $23,607,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of REV Group by 111.1% during the third quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock valued at $30,553,000 after buying an additional 283,706 shares in the last quarter.

REV Group Stock Performance

Shares of REVG opened at $63.90 on Friday. The company’s 50 day moving average price is $63.90 and its 200 day moving average price is $63.11. REV Group, Inc. has a 52 week low of $31.05 and a 52 week high of $69.92. The company has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.