Big Lots, Inc. (BIG) Holdings Cut by Cipher Capital LP
Cipher Capital LP trimmed its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 50.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,414 shares of the company’s stock after selling 49,899 shares during the period. Cipher Capital LP owned 0.12% of Big Lots worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of BIG. Acadian Asset Management LLC increased its position in shares of Big Lots by 105.1% during the second quarter. Acadian Asset Management LLC now owns 813,168 shares of the company’s stock worth $39,276,000 after purchasing an additional 416,770 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of Big Lots by 43.3% during the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock worth $52,171,000 after purchasing an additional 326,620 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Big Lots by 37.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock worth $60,100,000 after purchasing an additional 303,207 shares in the last quarter. Stifel Financial Corp increased its position in shares of Big Lots by 631.7% during the second quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock worth $12,651,000 after purchasing an additional 225,625 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of Big Lots during the third quarter worth about $11,523,000.
In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the transaction, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total value of $124,896.00. Following the transaction, the insider now owns 34,706 shares in the company, valued at approximately $1,665,888. The disclosure for this sale can be found here. Insiders have sold a total of 100,542 shares of company stock worth $5,313,716 in the last quarter. 1.70% of the stock is currently owned by insiders.
Big Lots, Inc. (NYSE:BIG) traded up $1.17 during midday trading on Monday, reaching $55.05. The company’s stock had a trading volume of 1,071,000 shares, compared to its average volume of 1,009,058. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.62 and a quick ratio of 0.27. Big Lots, Inc. has a 52 week low of $45.10 and a 52 week high of $56.54. The firm has a market cap of $2,337.00, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95.
Big Lots (NYSE:BIG) last released its earnings results on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts predict that Big Lots, Inc. will post 4.22 earnings per share for the current year.
BIG has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. set a $60.00 target price on Big Lots and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. ValuEngine upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. KeyCorp reiterated a “buy” rating and set a $58.00 target price on shares of Big Lots in a research report on Friday, November 10th. Finally, BidaskClub upgraded Big Lots from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.85.
About Big Lots
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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