Arrowstreet Capital Limited Partnership Decreased Best Buy (BBY) Holding; New Mexico Educational Retirement Board Cut Mastercard A (MA) Position

December 7, 2017 - By Marguerite Chambers

New Mexico Educational Retirement Board decreased Mastercard Inc A (MA) stake by 8.69% reported in 2017Q2 SEC filing. New Mexico Educational Retirement Board sold 8,300 shares as Mastercard Inc A (MA)’s stock rose 7.46%. The New Mexico Educational Retirement Board holds 87,210 shares with $11.15 million value, down from 95,510 last quarter. Mastercard Inc A now has $156.07 billion valuation. The stock increased 1.58% or $2.29 during the last trading session, reaching $147.42. About 3.75M shares traded or 3.43% up from the average. Mastercard Incorporated (NYSE:MA) has risen 24.16% since December 7, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Arrowstreet Capital Limited Partnership decreased Best Buy Inc (BBY) stake by 52.08% reported in 2017Q2 SEC filing. Arrowstreet Capital Limited Partnership sold 818,634 shares as Best Buy Inc (BBY)’s stock rose 13.46%. The Arrowstreet Capital Limited Partnership holds 753,161 shares with $43.18M value, down from 1.57 million last quarter. Best Buy Inc now has $17.82 billion valuation. The stock decreased 1.09% or $0.67 during the last trading session, reaching $60.97. About 3.54 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since December 7, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

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 had 92 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Hold” rating in Tuesday, August 29 report. The stock has “Buy” rating by Barclays Capital on Monday, May 29. Wedbush maintained the stock with “Underperform” rating in Friday, November 18 report. The stock has “Buy” rating by Loop Capital Markets on Thursday, November 16. SunTrust maintained it with “Buy” rating and $70.0 target in Monday, October 16 report. As per Tuesday, July 4, the company rating was maintained by Jefferies. Loop Capital initiated the stock with “Buy” rating in Wednesday, December 7 report. The company was maintained on Tuesday, October 24 by Loop Capital Markets. As per Tuesday, September 19, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, May 25.

Since June 9, 2017, it had 0 insider buys, and 2 insider sales for $2.31 million activity. $29,679 worth of Best Buy Co., Inc. (NYSE:BBY) shares were sold by Watson Mathew. 18,706 shares were sold by Saksena Asheesh, worth $1.07 million on Wednesday, June 14.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.22, from 1.01 in 2017Q1. It is negative, 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. Moreover, Wedge Mgmt L LP Nc has 0.32% invested in Best Buy Co., Inc. (NYSE:BBY). Maverick Cap Ltd invested in 0.04% or 54,490 shares. Ajo LP holds 0.07% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 297,988 shares. Howe & Rusling reported 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Tarbox Family Office holds 0% or 61 shares. First Citizens National Bank Tru holds 0.39% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 52,645 shares. Glob X Mngmt Limited Liability Company reported 16,612 shares. Utah Retirement invested in 48,353 shares. Brown Advisory holds 0.31% or 1.76M shares in its portfolio. Pitcairn, Pennsylvania-based fund reported 55,668 shares. 34,361 are held by Euclidean Technologies. Daiwa Secs Gp Inc holds 0% or 12,800 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System accumulated 19,711 shares or 0.02% of the stock. Chicago Equity Prns Ltd Llc accumulated 179,520 shares. Argi Inv Limited Liability Co holds 15,370 shares or 0.07% of its portfolio.

Arrowstreet Capital Limited Partnership increased Stmicroelectronics N V (NYSE:STM) stake by 1.15M shares to 7.73M valued at $111.22M in 2017Q2. It also upped Diageo P L C (NYSE:DEO) stake by 332,046 shares and now owns 1.48 million shares. Sociedad Quimica Minera De C (NYSE:SQM) was raised too.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on January, 30. They expect $1.12 EPS, up 30.23% or $0.26 from last year’s $0.86 per share. MA’s profit will be $1.19 billion for 32.91 P/E if the $1.12 EPS becomes a reality. After $1.34 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts -16.42% negative EPS growth.

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