Sei Investments Co. Acquires 121,734 Shares of Big Lots, Inc. (BIG)
Sei Investments Co. grew its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 349.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,564 shares of the company’s stock after buying an additional 121,734 shares during the quarter. Sei Investments Co. owned 0.39% of Big Lots worth $6,541,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in BIG. Victory Capital Management Inc. raised its position in shares of Big Lots by 13,578.9% during the 2nd quarter. Victory Capital Management Inc. now owns 816,906 shares of the company’s stock valued at $34,131,000 after buying an additional 810,934 shares in the last quarter. Millennium Management LLC raised its position in shares of Big Lots by 174.9% during the 1st quarter. Millennium Management LLC now owns 841,412 shares of the company’s stock valued at $36,627,000 after buying an additional 535,371 shares in the last quarter. BTIM Corp. purchased a new stake in shares of Big Lots during the 2nd quarter valued at about $20,035,000. JPMorgan Chase & Co. raised its position in shares of Big Lots by 77.0% during the 1st quarter. JPMorgan Chase & Co. now owns 770,430 shares of the company’s stock valued at $33,536,000 after buying an additional 335,105 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Big Lots by 4.7% during the 1st quarter. BlackRock Inc. now owns 5,020,039 shares of the company’s stock valued at $218,522,000 after purchasing an additional 226,892 shares during the last quarter.
Shares of NYSE:BIG opened at $50.13 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of 11.27, a PEG ratio of 0.89 and a beta of 1.03. Big Lots, Inc. has a 12 month low of $36.20 and a 12 month high of $64.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.65.
Several brokerages recently commented on BIG. ValuEngine upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a report on Friday. TheStreet upgraded shares of Big Lots from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target on the stock in a report on Wednesday, August 1st. Goldman Sachs Group began coverage on shares of Big Lots in a report on Thursday, July 19th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $55.00 price target on shares of Big Lots in a report on Thursday, June 7th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.50.
In other Big Lots news, EVP Michael Allen Schlonsky sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $45.00, for a total value of $270,000.00. Following the transaction, the executive vice president now directly owns 34,315 shares in the company, valued at approximately $1,544,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa M. Bachmann sold 7,517 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.85, for a total transaction of $367,205.45. Following the completion of the transaction, the executive vice president now owns 61,630 shares in the company, valued at $3,010,625.50. The disclosure for this sale can be found here. Insiders sold a total of 48,250 shares of company stock worth $2,319,663 over the last 90 days. Insiders own 1.30% of the company’s stock.
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.
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