Voloridge Investment Management LLC Cuts Stock Holdings in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Voloridge Investment Management LLC lowered its holdings in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 57.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,404 shares of the company’s stock after selling 53,321 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.06% of Ollie’s Bargain Outlet worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Ollie’s Bargain Outlet by 119.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock valued at $489,223,000 after purchasing an additional 3,059,692 shares in the last quarter. Invesco Ltd. lifted its holdings in Ollie’s Bargain Outlet by 117.4% during the second quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock worth $137,938,000 after buying an additional 855,278 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Ollie’s Bargain Outlet by 379.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 588,102 shares of the company’s stock valued at $34,486,000 after acquiring an additional 465,454 shares in the last quarter. Morgan Stanley boosted its position in Ollie’s Bargain Outlet by 212.2% during the 2nd quarter. Morgan Stanley now owns 394,129 shares of the company’s stock valued at $34,332,000 after acquiring an additional 267,876 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 1,027.7% in the 2nd quarter. Macquarie Group Ltd. now owns 258,266 shares of the company’s stock valued at $22,498,000 after acquiring an additional 235,365 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

OLLI has been the subject of several recent research reports. Credit Suisse Group reissued an “outperform” rating and issued a $78.00 price target (down from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. BidaskClub raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Bank of America cut their target price on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Co reiterated a “market perform” rating and issued a $60.00 target price (down from $85.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, August 29th. Finally, Royal Bank of Canada raised shares of Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $65.00 to $67.00 in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ollie’s Bargain Outlet has an average rating of “Buy” and a consensus target price of $80.00.

In related news, SVP Kevin Mclain sold 6,917 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $64.03, for a total value of $442,895.51. Also, Director Stanley Fleishman bought 2,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $64.66 per share, with a total value of $129,320.00. Following the completion of the purchase, the director now directly owns 43,974 shares in the company, valued at $2,843,358.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 29,270 shares of company stock worth $1,892,131. 16.36% of the stock is owned by company insiders.

Ollie’s Bargain Outlet stock opened at $56.83 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.55 and a beta of 0.87. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $53.60 and a 1-year high of $103.03. The business has a fifty day moving average price of $64.04 and a 200-day moving average price of $75.72.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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