Monashee Investment Management LLC bought a new position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) during the fourth quarter, HoldingsChannel reports. The firm bought 30,000 shares of the company’s stock, valued at approximately $228,000.
Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. acquired a new stake in Big 5 Sporting Goods during the 2nd quarter worth approximately $133,000. The Manufacturers Life Insurance Company lifted its holdings in Big 5 Sporting Goods by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock worth $219,000 after buying an additional 3,625 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Big 5 Sporting Goods in the 3rd quarter valued at approximately $165,000. New York State Common Retirement Fund increased its position in shares of Big 5 Sporting Goods by 46.1% in the 2nd quarter. New York State Common Retirement Fund now owns 24,400 shares of the company’s stock valued at $318,000 after purchasing an additional 7,699 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Big 5 Sporting Goods by 65.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,238 shares of the company’s stock valued at $382,000 after purchasing an additional 11,563 shares during the last quarter.
In other news, Director Van B. Honeycutt acquired 43,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $7.26 per share, with a total value of $312,180.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $135,036. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.
A number of equities research analysts have commented on BGFV shares. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.67.
Big 5 Sporting Goods Profile
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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