Marsico Capital Management LLC cut its holdings in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,511 shares of the company’s stock after selling 12,890 shares during the quarter. Marsico Capital Management LLC owned about 0.08% of Ollie’s Bargain Outlet worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its position in Ollie’s Bargain Outlet by 1.6% during the fourth quarter. New York State Teachers Retirement System now owns 12,861 shares of the company’s stock worth $855,000 after buying an additional 198 shares during the period. Bank of Montreal Can increased its stake in Ollie’s Bargain Outlet by 11.8% during the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after acquiring an additional 218 shares during the last quarter. WINTON GROUP Ltd increased its stake in Ollie’s Bargain Outlet by 1.8% during the fourth quarter. WINTON GROUP Ltd now owns 12,190 shares of the company’s stock worth $811,000 after acquiring an additional 220 shares during the last quarter. Sapphire Star Partners LP increased its stake in Ollie’s Bargain Outlet by 2.1% during the fourth quarter. Sapphire Star Partners LP now owns 11,765 shares of the company’s stock worth $782,000 after acquiring an additional 237 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Ollie’s Bargain Outlet by 7.0% during the fourth quarter. Hsbc Holdings PLC now owns 4,288 shares of the company’s stock worth $285,000 after acquiring an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.

Several brokerages have commented on OLLI. BidaskClub upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. Bank of America restated a “buy” rating and set a $87.00 price target (down from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, January 9th. ValuEngine lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 6th. Finally, Morgan Stanley dropped their price target on Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.73.

In related news, VP Kenneth Robert Bertram sold 4,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $85.42, for a total value of $341,680.00. Following the completion of the transaction, the vice president now owns 19,967 shares of the company’s stock, valued at $1,705,581.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 24,663 shares of the stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $80.69, for a total value of $1,990,057.47. Following the completion of the transaction, the chief executive officer now directly owns 2,584,079 shares of the company’s stock, valued at approximately $208,509,334.51. The disclosure for this sale can be found here. Insiders sold 143,149 shares of company stock valued at $11,534,070 in the last three months. 20.27% of the stock is currently owned by company insiders.

Shares of OLLI stock traded down $1.38 during trading hours on Friday, reaching $79.25. The company had a trading volume of 7,830 shares, compared to its average volume of 755,514. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 2.03. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $54.70 and a twelve month high of $97.61. The firm has a market cap of $5.03 billion, a P/E ratio of 63.13, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01.

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Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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

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