Best Buy INC (BBY) Holder Dynamic Capital Management LTD Has Cut Its Position

July 18, 2017 - By Linda Rogers

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.10, from 1 in 2016Q3. It increased, as 42 investors sold BBY shares while 168 reduced holdings. 76 funds opened positions while 154 raised stakes. 269.66 million shares or 2.03% more from 264.31 million shares in 2016Q3 were reported. Parkwood Ltd Liability Com stated it has 0.21% in Best Buy Co Inc (NYSE:BBY). Ckw Fin Group Inc reported 60 shares. Dorsey Wright And Associates invested in 9,063 shares or 0.16% of the stock. Nordea Mgmt accumulated 0% or 14,475 shares. Northwestern Mutual Wealth Management Co holds 0% or 2,951 shares. Gulf National Bank & Trust (Uk) Limited invested in 87,213 shares or 0.06% of the stock. State Of Wisconsin Board holds 151,421 shares or 0.03% of its portfolio. Commonwealth Natl Bank Of Australia holds 0.05% or 98,731 shares. Trexquant Investment LP holds 0.3% in Best Buy Co Inc (NYSE:BBY) or 44,500 shares. Federated Invsts Inc Pa owns 115,652 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 12,500 shares. Brown Advisory Inc stated it has 1.17 million shares. Manning Napier Limited Liability Co reported 40,929 shares. Nbt Bancorporation N A Ny holds 0.14% in Best Buy Co Inc (NYSE:BBY) or 18,793 shares. Tower Research Ltd Co (Trc) reported 8,563 shares.

Since March 2, 2017, it had 0 insider purchases, and 14 sales for $31.26 million activity. On Thursday, May 25 MOHAN RAJENDRA M sold $3.82M worth of Best Buy Co Inc (NYSE:BBY) or 63,631 shares. 758 shares were sold by Watson Mathew, worth $39,279 on Tuesday, May 23. Ballard Shari L had sold 15,000 shares worth $892,262 on Tuesday, May 30. HIGGINS VICTOR KATHY J sold $357,983 worth of Best Buy Co Inc (NYSE:BBY) on Wednesday, March 29. 90,247 Best Buy Co Inc (NYSE:BBY) shares with value of $4.02 million were sold by Nelsen Keith J. The insider Walker Patricia H sold $597,091.

Dynamic Capital Management Ltd decreased its stake in Best Buy Inc (BBY) by 24.33% based on its latest 2016Q4 regulatory filing with the SEC. Dynamic Capital Management Ltd sold 86,927 shares as the company’s stock rose 13.46% with the market. The hedge fund held 270,408 shares of the consumer services company at the end of 2016Q4, valued at $11.54 million, down from 357,335 at the end of the previous reported quarter. Dynamic Capital Management Ltd who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $17.31B market cap company. It closed at $56 lastly. It is down 62.80% since July 18, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

Dynamic Capital Management Ltd, which manages about $932.59 million and $935.43M US Long portfolio, upped its stake in Wells Fargo & Co New (NYSE:WFC) by 57,873 shares to 78,879 shares, valued at $4.35 million in 2016Q4, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 53,799 shares in the quarter, for a total of 82,050 shares, and has risen its stake in Eog Res Inc (NYSE:EOG).

More notable recent Best Buy Co Inc (NYSE:BBY) news were published by: Fool.com which released: “Best Buy Wants to Be Your Smart Home Headquarters” on July 07, 2017, also Bizjournals.com with their article: “Best Buy adds smart-home savvy with Amazon, Google deals” published on June 28, 2017, Fool.com published: “Did Apple Just Make Best Buy a Better Buy?” on June 22, 2017. More interesting news about Best Buy Co Inc (NYSE:BBY) were released by: Investorplace.com and their article: “Best Buy Co Inc (BBY) Stock and Retail Got Whacked. Here’s How to Trade.” published on July 11, 2017 as well as Fool.com‘s news article titled: “Why Best Buy Co. Inc. Stock Dropped Today” with publication date: July 10, 2017.

Best Buy Co Inc (NYSE:BBY) Ratings Coverage

Among 24 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Best Buy Co had 72 analyst reports since August 10, 2015 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Monday, August 10 report. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 30. The stock of Best Buy Co Inc (NYSE:BBY) earned “Outperform” rating by Telsey Advisory Group on Friday, May 26. The firm has “Neutral” rating given on Wednesday, August 24 by UBS. Barclays Capital maintained the shares of BBY in report on Monday, May 29 with “Buy” rating. The stock of Best Buy Co Inc (NYSE:BBY) earned “Sell” rating by Evercore on Tuesday, November 8. The firm has “Neutral” rating given on Friday, February 26 by Piper Jaffray. The stock of Best Buy Co Inc (NYSE:BBY) has “Neutral” rating given on Friday, November 20 by UBS. Wedbush maintained the shares of BBY in report on Friday, November 18 with “Underperform” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, February 26.

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