HBK Investments Hopes To Avoid Heartbreak With These Top Stock Picks

HBK Investments added 101,800 shares of Vista Outdoor Inc (NYSE:VSTO) during the second quarter, holding 1.51 million shares worth $54.97 million at the end of June. Among the funds we track, 27 funds were bullish on Vista Outdoor, holding $631.07 million worth of stock, amassing 21.80% of its float at the end of the second quarter. Vista Outdoor recently has announced the acquisition of Camp Chef for $74 million. Vista Outdoor will make a payment of $60 million once the transaction is completed and the remaining $14 million will be paid over the next three years. Camp Chef provides outdoor cooking solutions. Vista Outdoor’s offer values the company at 6.4x its 2016 EBITDA after factoring in tax considerations.

In General Motors Company (NYSE:GM), Haley’s fund held 1.91 million shares valued at $54.15 million. A total of 65 funds from our database held shares of General Motors with a total value of $3.30 billion at the end of June, which represented 7.50% of the outstanding stock. General Motors reported second-quarter earnings of $1.86 per share, beating the consensus estimate of $1.51 per share, while its revenue of $42.40 billion, went up by 11.1% year-over-year, and topped the estimates by $3.47 billion.

HBK Investments held 1.05 million shares of Microsoft Corporation (NASDAQ:MSFT) worth $53.96 million at the end of June. The fund added 868,399 shares during the quarter. Among the funds we track, 131 funds held $18.82 billion worth of Microsoft shares at the end of the second quarter, down from 144 funds holding $20.83 billion worth of shares at the end of March. On September 21, Microsoft announced that its Board of Directors approved a $40 billion share buyback program and raised the company’s quarterly dividend by 8% to $0.39 per share.

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