Denver Investment Advisors buys $26.5 Million stake in Big Lots (BIG)

Big Lots (BIG) : Denver Investment Advisors scooped up 3,975 additional shares in Big Lots during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 604,275 shares of Big Lots which is valued at $26.5 Million.Big Lots makes up approximately 1.19% of Denver Investment Advisors’s portfolio.

Other Hedge Funds, Including , Investec Asset Management Ltd reduced its stake in BIG by selling 13,428 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 1,120,334 shares of BIG which is valued at $49 Million. Big Lots makes up approx 0.27% of Investec Asset Management Ltd’s portfolio.Ls Investment Advisors boosted its stake in BIG in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 1,825 shares of Big Lots which is valued at $79,899. Big Lots makes up approx 0.01% of Ls Investment Advisors’s portfolio.Blackrock Fund Advisors reduced its stake in BIG by selling 40,091 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 2,402,630 shares of BIG which is valued at $105.2 Million. Big Lots makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Pacad Investment Ltd. boosted its stake in BIG in the latest quarter, The investment management firm added 9,332 additional shares and now holds a total of 26,232 shares of Big Lots which is valued at $1.2 Million. Big Lots makes up approx 0.14% of Pacad Investment Ltd.’s portfolio. Checchi Capital Advisers added BIG to its portfolio by purchasing 41 company shares during the most recent quarter which is valued at $1,870.

Big Lots opened for trading at $42.92 and hit $43.67 on the upside on Friday, eventually ending the session at $43.64, with a gain of 1.65% or 0.71 points. The heightened volatility saw the trading volume jump to 10,19,480 shares. Company has a market cap of $2,168 M.

On the company’s financial health, Big Lots reported $2.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 4, 2016. Analyst had a consensus of $1.98. The company had revenue of $1583.97 million for the quarter, compared to analysts expectations of $1603.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS.

Many Wall Street Analysts have commented on Big Lots. Big Lots was Initiated by Credit Suisse to “Underperform” on Mar 16, 2016.

Big Lots Inc. is a United States-based discount retailer. As of December 31 2014 the Company through its wholly owned subsidiaries operated 1460 stores in 48 states. The Company’s Food category includes beverage and grocery candy and snacks and specialty foods. Its Consumables category includes health and beauty plastics paper chemical and pet departments. Its Soft Home category includes fashion bedding utility bedding bath window decorative textile and flooring and the Hard Home category includes small appliances table top food preparation stationery greeting card tools paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery mattress case goods home decor and frames; the Seasonal category includes lawn & garden summer Christmas toys books sporting goods and other holiday and its Electronics & Accessories category includes electronics jewelry apparel hosiery and infant accessories departments.

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