Will Big Lots’s Probe By The SEC Alarm These Top Institutional Shareholders?

Big Lots Inc. (NYSE:BIG) is being investigated by the Securities and Exchange Commission who are looking into Chief Executive Steven Fishman’s sale of stock worth $10 million prior to the company’s announcement of news that caused their stock to plummet. According to the Wall Street Journal, Mr Fishman sold the stock on March 20 for an average price of $45. However, on April 23, the stock lost 24% to $34 after the company announced a slowdown in their sales. Shareholders have already filed a suit alleging that they were kept in the dark about the true state of the company’s affairs while company executives dumped shares.

Will Big Lots Inc.’s shareholders decrease their holdings? They reported owning a total of 58.392 million shares on 09/30/2012. The shares closed at $29.58 on 09/30/2012.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Here are the ten largest positions in Big Lots Inc. at the end of September 30th, 2012.

Sasco Capital Inc./ CT/ held 4,918,000 shares on 09/30/2012 worth $145,474,440. This brought the portfolio total to 3.15%.

Vanguard Group Inc. held 4,155,315 shares on 09/30/2012 worth $122,914,217. This brought the portfolio total to 0.02%.

LSV Asset Management held 3,428,070 shares on 09/30/2012 worth $101,402,310. This brought the portfolio total to 0.3%.

Capital Research Global Investors held 3,286,200 shares on 09/30/2012 worth $97,205,796. This brought the portfolio total to 0.05%.

State Street Corp. held 2,571,960 shares on 09/30/2012 worth $76,078,577. This brought the portfolio total to 0.01%.

River Road Asset Management LLC. held 2,441,898 shares on 09/30/2012 worth $72,231,343. This brought the portfolio total to 1.14%.

Blackrock Institutional Trust Company N.A. held 1,614,658 shares on 09/30/2012 worth $47,761,584. This brought the portfolio total to 0.01%.

Perkins Investment Management LLC. held 1,453,146 shares on 09/30/2012 worth $42,984,059. This brought the portfolio total to 0.29%.

Invesco Ltd. held 1,450,341 shares on 09/30/2012 worth $42,901,087. This brought the portfolio total to 0.02%.

RBS Partners L.P. /CT held 1,427,397 shares on 09/30/2012 worth $42,222,403. This brought the portfolio total to 0.76%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   , , , , , ,