Citigroup (C) Stock Rose While Stelliam Investment Management LP Upped by $4.68 Million Its Holding; Dt Investment Partners Has Decreased Its Best Buy (BBY) Stake by $1.78 Million; Stock Rose

February 15, 2018 - By Vivian Currie

Ross Margolies increased its stake in Citigroup Inc (C) by 6.68% based on its latest 2017Q3 regulatory filing with the SEC. Stelliam Investment Management Lp bought 65,000 shares as the company’s stock rose 1.55% with the market. The hedge fund run by Ross Margolies held 1.04M shares of the major banks company at the end of 2017Q3, valued at $75.47M, up from 972,500 at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $197.13B market cap company. The stock increased 2.04% or $1.53 during the last trading session, reaching $76.71. About 16.26 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 15, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Dt Investment Partners Llc decreased its stake in Best Buy Inc (BBY) by 87.63% based on its latest 2017Q3 regulatory filing with the SEC. Dt Investment Partners Llc sold 31,870 shares as the company’s stock rose 13.46% with the market. The institutional investor held 4,498 shares of the consumer services company at the end of 2017Q3, valued at $256,000, down from 36,368 at the end of the previous reported quarter. Dt Investment Partners Llc who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $21.20 billion market cap company. The stock increased 3.45% or $2.42 during the last trading session, reaching $72.52. About 3.60M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since February 15, 2017 and is uptrending. It has outperformed by 46.10% the S&P500.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Wafra Advisory Gru invested 0.83% of its portfolio in Citigroup Inc. (NYSE:C). First Trust reported 0.08% of its portfolio in Citigroup Inc. (NYSE:C). Skylands Cap Ltd Liability Corp invested in 70,725 shares. Meridian Management invested in 0.79% or 21,890 shares. Columbia Prtn L L C Investment stated it has 0.29% in Citigroup Inc. (NYSE:C). Balasa Dinverno Foltz Limited Liability has 17,032 shares. Carlson Cap Limited Partnership owns 590,024 shares or 0.74% of their US portfolio. Ibm Retirement Fund has invested 1% in Citigroup Inc. (NYSE:C). Blair William And Il accumulated 260,854 shares or 0.14% of the stock. Vermont-based Rock Point Advsr has invested 5.89% in Citigroup Inc. (NYSE:C). Gemmer Asset Limited accumulated 0.05% or 1,717 shares. Academy Capital Tx invested in 11.2% or 547,088 shares. Patten Grp Inc holds 1,844 shares. Td Asset Mngmt holds 0.11% of its portfolio in Citigroup Inc. (NYSE:C) for 1.01M shares. Millennium Mgmt Limited Liability Corporation invested in 3.39 million shares.

Stelliam Investment Management Lp, which manages about $3.51B and $3.28 billion US Long portfolio, decreased its stake in Range Res Corp (Call) (NYSE:RRC) by 2.63M shares to 5.38M shares, valued at $105.38M in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 25,000 shares in the quarter, leaving it with 415,000 shares, and cut its stake in Antero Res Corp (NYSE:AR).

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. Keefe Bruyette & Woods downgraded Citigroup Inc. (NYSE:C) rating on Tuesday, January 16. Keefe Bruyette & Woods has “Hold” rating and $82.0 target. The rating was downgraded by Morgan Stanley on Monday, October 26 to “Equal-Weight”. On Friday, August 14 the stock rating was downgraded by Zacks to “Buy”. The firm has “Buy” rating given on Friday, August 28 by Guggenheim. The firm has “Hold” rating given on Monday, October 9 by Stifel Nicolaus. The firm earned “Overweight” rating on Monday, November 14 by Morgan Stanley. As per Friday, November 18, the company rating was downgraded by Macquarie Research. The firm earned “Hold” rating on Thursday, August 6 by Vetr. The rating was maintained by Oppenheimer with “Outperform” on Friday, January 29. The company was downgraded on Monday, November 28 by Jefferies.

Since August 21, 2017, it had 0 insider buys, and 18 insider sales for $158.49 million activity. The insider MOHAN RAJENDRA M sold 14,260 shares worth $779,765. 3,134 Best Buy Co., Inc. (NYSE:BBY) shares with value of $179,440 were sold by Barry Corie S. Ballard Shari L also sold $534,681 worth of Best Buy Co., Inc. (NYSE:BBY) on Tuesday, September 5. 260 Best Buy Co., Inc. (NYSE:BBY) shares with value of $15,578 were sold by Watson Mathew. 14,734 Best Buy Co., Inc. (NYSE:BBY) shares with value of $882,802 were sold by Joly Hubert. Another trade for 200,000 shares valued at $12.83M was sold by SCHULZE RICHARD M.

Among 27 analysts covering Best Buy Co (NYSE:BBY), 9 have Buy rating, 4 Sell and 14 Hold. Therefore 33% are positive. Best Buy Co has $85 highest and $20.50 lowest target. $50.28’s average target is -30.67% below currents $72.52 stock price. Best Buy Co had 95 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Vetr on Monday, August 10 to “Buy”. The firm earned “Neutral” rating on Monday, August 17 by Wedbush. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Neutral” rating given on Friday, February 19 by Goldman Sachs. The rating was downgraded by Morgan Stanley on Tuesday, January 19 to “Equal-Weight”. The company was maintained on Wednesday, August 16 by Loop Capital Markets. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Overweight” rating given on Tuesday, January 30 by Barclays Capital. Barclays Capital maintained Best Buy Co., Inc. (NYSE:BBY) on Thursday, September 14 with “Overweight” rating. The company was maintained on Wednesday, August 24 by Telsey Advisory Group. The firm has “Buy” rating by Piper Jaffray given on Monday, November 6. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Buy” rating given on Wednesday, August 24 by SunTrust.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.03, from 0.79 in 2017Q2. It worsened, as 60 investors sold BBY shares while 189 reduced holdings. 54 funds opened positions while 136 raised stakes. 246.28 million shares or 2.83% less from 253.45 million shares in 2017Q2 were reported. Advisor Prtnrs Ltd Com accumulated 0.09% or 7,900 shares. Moreover, Fuller Thaler Asset Mngmt Inc has 0% invested in Best Buy Co., Inc. (NYSE:BBY). Tyvor Cap Ltd Limited Liability Company stated it has 181,256 shares or 1.96% of all its holdings. Massachusetts Fin Services Company Ma owns 3.61 million shares or 0.09% of their US portfolio. Bb&T Ltd holds 0% or 5,369 shares in its portfolio. Martingale Asset Mgmt Lp has 18,952 shares for 0.01% of their portfolio. Livforsakringsbolaget Skandia Omsesidigt has invested 0.29% in Best Buy Co., Inc. (NYSE:BBY). 427,211 are owned by Kbc Group Inc Nv. Dorsey Wright Assoc has 0.62% invested in Best Buy Co., Inc. (NYSE:BBY). Ameriprise reported 5.83M shares stake. California-based First Republic Mgmt has invested 0% in Best Buy Co., Inc. (NYSE:BBY). First Trust Ltd Partnership invested in 430,029 shares. Lsv Asset Mgmt owns 2.19M shares. Suntrust Banks reported 0.01% stake. 118,200 are held by Caisse De Depot Et Placement Du Quebec.

Dt Investment Partners Llc, which manages about $494.28M and $595.98 million US Long portfolio, upped its stake in Southern Co (NYSE:SO) by 17,185 shares to 47,927 shares, valued at $2.36 million in 2017Q3, according to the filing. It also increased its holding in Kkr & Co Lp Del Units (NYSE:KKR) by 50,088 shares in the quarter, for a total of 145,787 shares, and has risen its stake in Ishares Tr (MBB).

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on March, 7. They expect $1.98 EPS, up 1.54% or $0.03 from last year’s $1.95 per share. BBY’s profit will be $578.79M for 9.16 P/E if the $1.98 EPS becomes a reality. After $0.78 actual EPS reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

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