Big Lots, Inc. (BIG) Holdings Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its holdings in Big Lots, Inc. (NYSE:BIG) by 73.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,057 shares of the company’s stock after selling 66,139 shares during the period. Edgestream Partners L.P. owned about 0.06% of Big Lots worth $1,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BIG. Foundry Partners LLC raised its position in shares of Big Lots by 2.5% during the 3rd quarter. Foundry Partners LLC now owns 185,718 shares of the company’s stock valued at $7,761,000 after acquiring an additional 4,480 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Big Lots by 117.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 582,059 shares of the company’s stock valued at $24,316,000 after acquiring an additional 314,080 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Big Lots during the 2nd quarter valued at approximately $552,000. US Bancorp DE raised its position in shares of Big Lots by 37.2% during the 2nd quarter. US Bancorp DE now owns 8,011 shares of the company’s stock valued at $335,000 after acquiring an additional 2,174 shares in the last quarter. Finally, Somerset Trust Co acquired a new stake in shares of Big Lots during the 2nd quarter valued at approximately $429,000.

In other news, EVP Lisa M. Bachmann sold 7,517 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $48.85, for a total value of $367,205.45. Following the completion of the transaction, the executive vice president now owns 61,630 shares of the company’s stock, valued at $3,010,625.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lisa M. Bachmann sold 29,733 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $48.85, for a total value of $1,452,457.05. Following the completion of the transaction, the executive vice president now directly owns 61,630 shares of the company’s stock, valued at approximately $3,010,625.50. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

BIG has been the topic of several research reports. TheStreet raised Big Lots from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Bank of America initiated coverage on Big Lots in a research report on Monday, November 5th. They issued a “buy” rating and a $56.00 target price on the stock. Goldman Sachs Group initiated coverage on Big Lots in a research report on Thursday, July 19th. They issued a “buy” rating and a $47.00 target price on the stock. Loop Capital increased their target price on Big Lots from $48.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, August 27th. Finally, ValuEngine raised Big Lots from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Big Lots currently has a consensus rating of “Hold” and an average price target of $51.73.

Shares of NYSE BIG opened at $42.08 on Friday. Big Lots, Inc. has a 1-year low of $36.20 and a 1-year high of $64.42. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.12 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.08). Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Big Lots, Inc. will post 4.46 EPS for the current fiscal year.

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Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

Further Reading: Market Capitalization and Individual Investors

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

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