Hennessy Advisors Inc. purchased a new position in Big Lots Inc. (NYSE:BIG) during the third quarter, according to its most recent filing with the SEC. The institutional investor purchased 231,000 shares of the company’s stock, valued at approximately $11,030,000. Hennessy Advisors Inc. owned about 0.52% of Big Lots as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BIG. LS Investment Advisors LLC raised its stake in Big Lots by 48.8% in the second quarter. LS Investment Advisors LLC now owns 2,716 shares of the company’s stock worth $136,000 after buying an additional 891 shares during the period. American Financial Group Inc. purchased a new stake in Big Lots during the second quarter valued at approximately $211,000. Advance Capital I Inc. purchased a new stake in Big Lots during the second quarter valued at approximately $215,000. KBC Group NV purchased a new stake in Big Lots during the second quarter valued at approximately $252,000. Finally, Amalgamated Bank raised its stake in Big Lots by 1.4% in the second quarter. Amalgamated Bank now owns 5,529 shares of the company’s stock valued at $303,000 after buying an additional 79 shares during the last quarter.

Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

Shares of Big Lots Inc. (NYSE:BIG) traded down 2.09% during midday trading on Wednesday, hitting $50.71. 475,620 shares of the stock were exchanged. Big Lots Inc. has a one year low of $33.78 and a one year high of $56.30. The firm has a 50 day moving average of $46.76 and a 200-day moving average of $49.33. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 15.78 and a beta of 0.82.

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Several research firms have commented on BIG. KeyCorp decreased their price target on shares of Big Lots from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, October 6th. Barclays PLC reissued an “equal weight” rating and set a $51.00 price target on shares of Big Lots in a research report on Tuesday. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Monday, August 29th. MKM Partners reissued a “buy” rating and set a $60.00 price target on shares of Big Lots in a research report on Thursday, August 25th. Finally, Northcoast Research lowered shares of Big Lots from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Big Lots currently has an average rating of “Hold” and an average price target of $49.72.

About Big Lots

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