James Investment Research INC Has Raised Best Buy INC (BBY) Stake by $14.12 Million; Shares Rose

December 11, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.22, from 1.01 in 2017Q1. It dived, as 43 investors sold BBY shares while 213 reduced holdings. 88 funds opened positions while 113 raised stakes. 253.45 million shares or 5.82% less from 269.11 million shares in 2017Q1 were reported. 303,198 are owned by Pension Serv. Charter Tru has 17,314 shares. Oakworth Capital Incorporated stated it has 0.01% in Best Buy Co., Inc. (NYSE:BBY). Commonwealth Of Pennsylvania Public School Empls Retrmt reported 19,711 shares. Cantab Capital Prns Llp holds 0% or 60,436 shares in its portfolio. First Trust Advsrs Lp reported 0.09% stake. South State Corp has invested 0.04% in Best Buy Co., Inc. (NYSE:BBY). Fort L P, a Maryland-based fund reported 136,767 shares. Landscape Capital Ltd Liability Com reported 51,236 shares stake. Rothschild Asset Mngmt holds 0.01% in Best Buy Co., Inc. (NYSE:BBY) or 8,910 shares. Todd Asset Management Limited Liability Corp reported 296,065 shares. Qs Ltd Limited Liability Company invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Hanseatic Management Serv Inc stated it has 18,489 shares. Dalton Greiner Hartman Maher & Communications holds 3,763 shares or 0.01% of its portfolio. Victory Management holds 0.01% or 100,969 shares.

Since June 14, 2017, it had 0 insider buys, and 1 insider sale for $1.24 million activity.

James Investment Research Inc increased its stake in Best Buy Inc (BBY) by 32.8% based on its latest 2017Q2 regulatory filing with the SEC. James Investment Research Inc bought 247,672 shares as the company’s stock rose 13.46% with the market. The institutional investor held 1.00 million shares of the consumer services company at the end of 2017Q2, valued at $57.49M, up from 755,093 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Best Buy Inc for a number of months, seems to be bullish on the $18.65B market cap company. The stock increased 3.74% or $2.3 during the last trading session, reaching $63.79. About 5.00M shares traded or 16.50% up from the average. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since December 11, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $3.23B US Long portfolio, decreased its stake in Southwest Airlines Co (NYSE:LUV) by 162,347 shares to 956,958 shares, valued at $59.47 million in 2017Q2, according to the filing. It also reduced its holding in Ebix Inc (NASDAQ:EBIX) by 298,077 shares in the quarter, leaving it with 214,892 shares, and cut its stake in Aetna Inc (NYSE:AET).

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Reuters.com which released: “Late arrival of iPhone X clouds Best Buy’s results” on November 16, 2017, also Usnews.com with their article: “Best Buy Flies High With Holiday Sales” published on November 28, 2017, Investorplace.com published: “Best Buy Co Inc Has Found Its Niche – And So Has Its Stock” on November 22, 2017. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Bizjournals.com and their article: “Three things to watch in Best Buy’s Q3 earnings on Thursday” published on November 15, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Best Buy Co. Inc., 75.0% Follow-Through Indicator …” with publication date: November 16, 2017.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 27 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 13 Hold. Therefore 37% are positive. Best Buy Co has $72.0 highest and $20.50 lowest target. $49.03’s average target is -23.14% below currents $63.79 stock price. Best Buy Co had 92 analyst reports since August 10, 2015 according to SRatingsIntel. Ladenburg Thalmann reinitiated Best Buy Co., Inc. (NYSE:BBY) on Wednesday, August 17 with “Outperform” rating. On Friday, November 20 the stock rating was maintained by UBS with “Neutral”. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, January 15. UBS maintained Best Buy Co., Inc. (NYSE:BBY) on Monday, August 10 with “Neutral” rating. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Monday, May 15 by Loop Capital. The company was downgraded on Wednesday, May 25 by Deutsche Bank. Vetr upgraded Best Buy Co., Inc. (NYSE:BBY) on Monday, August 10 to “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, February 26. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Wednesday, August 24 by Deutsche Bank. On Wednesday, April 12 the stock rating was upgraded by Deutsche Bank to “Buy”.

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