Oxford Asset Management Acquires Shares of 68,005 Big Lots, Inc. (BIG)

Oxford Asset Management bought a new stake in shares of Big Lots, Inc. (NYSE:BIG) during the first quarter, Holdings Channel reports. The institutional investor bought 68,005 shares of the company’s stock, valued at approximately $3,310,000.

A number of other large investors have also recently modified their holdings of the stock. Polianta Ltd purchased a new stake in shares of Big Lots during the fourth quarter valued at approximately $1,134,000. Sigma Planning Corp purchased a new stake in shares of Big Lots during the first quarter valued at approximately $235,000. Snow Capital Management LP increased its stake in shares of Big Lots by 30.9% in the third quarter. Snow Capital Management LP now owns 1,015,843 shares of the company’s stock valued at $48,507,000 after buying an additional 239,767 shares during the last quarter. Menta Capital LLC increased its stake in shares of Big Lots by 458.6% in the fourth quarter. Menta Capital LLC now owns 57,478 shares of the company’s stock valued at $2,886,000 after buying an additional 47,188 shares during the last quarter. Finally, Westport Asset Management Inc. purchased a new stake in shares of Big Lots during the fourth quarter valued at approximately $9,851,000.

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

Shares of Big Lots, Inc. (NYSE:BIG) traded up 2.22% on Friday, reaching $47.50. 832,008 shares of the company traded hands. The firm has a 50-day moving average price of $48.84 and a 200 day moving average price of $50.19. Big Lots, Inc. has a one year low of $41.61 and a one year high of $56.54. The company has a market capitalization of $2.13 billion, a PE ratio of 14.30 and a beta of 0.89.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, March 3rd. The company reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.04. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. Big Lots had a net margin of 3.02% and a return on equity of 27.08%. Big Lots’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Equities analysts forecast that Big Lots, Inc. will post $4.06 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Oxford Asset Management Acquires Shares of 68,005 Big Lots, Inc. (BIG)” was reported by Mideast Time and is owned by of Mideast Time. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.mideasttime.com/oxford-asset-management-acquires-shares-of-68005-big-lots-inc-big/1708415.html.

Several equities research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Big Lots in a research report on Friday, February 10th. They set a “neutral” rating and a $55.00 price objective for the company. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, May 8th. Raymond James Financial, Inc. raised shares of Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, April 26th. Griffin Securities reissued a “buy” rating on shares of Big Lots in a research report on Friday, March 3rd. Finally, Loop Capital reissued a “buy” rating and set a $64.00 price objective on shares of Big Lots in a research report on Monday, March 6th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.83.

In other Big Lots news, insider Lisa M. Bachmann sold 9,538 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $51.09, for a total transaction of $487,296.42. Following the completion of the sale, the insider now owns 45,920 shares in the company, valued at approximately $2,346,052.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.41, for a total transaction of $51,410.00. Following the sale, the insider now owns 4,471 shares of the company’s stock, valued at approximately $229,854.11. The disclosure for this sale can be found here. Insiders have sold a total of 38,846 shares of company stock valued at $1,947,301 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:BIG

Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots, Inc. (NYSE:BIG).

Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.