As Best Buy INC (BBY) Valuation Rose, Dana Investment Advisors INC Raised Its Stake by $3.98 Million

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment decreased to 0.77 in Q4 2018. Its down 0.19, from 0.96 in 2018Q3. It turned negative, as 77 investors sold BBY shares while 180 reduced holdings. 63 funds opened positions while 136 raised stakes. 212.59 million shares or 0.21% less from 213.03 million shares in 2018Q3 were reported. Voloridge Investment Mngmt Limited Liability Company has 0.49% invested in Best Buy Co., Inc. (NYSE:BBY) for 202,414 shares. Arcadia Investment Mgmt Corp Mi holds 12 shares or 0% of its portfolio. Korea Investment Corporation stated it has 0.09% in Best Buy Co., Inc. (NYSE:BBY). Blackrock Incorporated invested in 0.05% or 17.11 million shares. Csat Advisory Lp reported 353 shares or 0.01% of all its holdings. Fiduciary Trust holds 0.02% or 11,813 shares in its portfolio. Eaton Vance Mngmt reported 294,638 shares stake. 222,267 were accumulated by Millennium Ltd Liability Corporation. Credit Agricole S A holds 0.2% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 66,427 shares. Lyons Wealth Management Ltd has 9,792 shares. Meiji Yasuda Asset Mgmt holds 0.05% or 10,056 shares in its portfolio. 1.59 million were reported by Merian Global (Uk) Ltd. Moreover, Highstreet Asset Management has 0.02% invested in Best Buy Co., Inc. (NYSE:BBY) for 5,136 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation holds 13,800 shares. Sumitomo Mitsui Asset Management stated it has 16,963 shares.

Dana Investment Advisors Inc increased its stake in Best Buy Inc (BBY) by 15.5% based on its latest 2018Q4 regulatory filing with the SEC. Dana Investment Advisors Inc bought 76,570 shares as the company’s stock rose 2.24% with the market. The institutional investor held 570,705 shares of the consumer services company at the end of 2018Q4, valued at $30.23 million, up from 494,135 at the end of the previous reported quarter. Dana Investment Advisors Inc who had been investing in Best Buy Inc for a number of months, seems to be bullish on the $16.99B market cap company. The stock decreased 2.45% or $1.59 during the last trading session, reaching $63.42. About 1.18 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has declined 10.94% since May 31, 2018 and is downtrending. It has underperformed by 15.31% the S&P500.

Dana Investment Advisors Inc, which manages about $4.48 billion and $1.97B US Long portfolio, decreased its stake in Microchip Technology Inc (NASDAQ:MCHP) by 146,749 shares to 3,548 shares, valued at $255,000 in 2018Q4, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 25,661 shares in the quarter, leaving it with 247,370 shares, and cut its stake in Keycorp New (NYSE:KEY).

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Fool.com which released: “Best Buy Keeps Rolling in the First Quarter – Motley Fool” on May 29, 2019, also Seekingalpha.com with their article: “Best Buy Q1 2020 Earnings Preview – Seeking Alpha” published on May 22, 2019, Benzinga.com published: “11 Stocks To Watch For May 23, 2019 – Benzinga” on May 23, 2019. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Seekingalpha.com and their article: “Retailers with the highest tariff risk – AutoZone, Inc. (NYSE:AZO) – Seeking Alpha” published on May 28, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Retail On Display – Seeking Alpha” with publication date: May 18, 2019.

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

Among 9 analysts covering Best Buy Co (NYSE:BBY), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Best Buy Co had 19 analyst reports since December 17, 2018 according to SRatingsIntel. RBC Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) rating on Thursday, February 28. RBC Capital Markets has “Hold” rating and $71 target. The firm has “Buy” rating by Loop Capital Markets given on Thursday, March 7. Wedbush maintained Best Buy Co., Inc. (NYSE:BBY) rating on Friday, February 22. Wedbush has “Hold” rating and $65 target. Barclays Capital maintained it with “Buy” rating and $90 target in Tuesday, February 26 report. As per Thursday, February 28, the company rating was maintained by Morgan Stanley. The firm earned “Underperform” rating on Monday, December 17 by Bank of America. CFRA downgraded the stock to “Sell” rating in Wednesday, February 27 report. The rating was maintained by Loop Capital Markets on Wednesday, February 27 with “Buy”. On Friday, March 1 the stock rating was maintained by Citigroup with “Neutral”. Credit Suisse maintained it with “Neutral” rating and $78 target in Thursday, February 28 report.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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