Catalyst Capital Advisors Cut Position in Best Buy (BBY) by $812,079; Facebook (FB) Shareholder Teewinot Capital Advisers Boosted Stake

December 17, 2017 - By Richard Conner

Michael Moriarty increased its stake in Facebook Inc (FB) by 13.6% based on its latest 2017Q2 regulatory filing with the SEC. Teewinot Capital Advisers Llc bought 6,000 shares as the company’s stock rose 10.88% with the market. The hedge fund run by Michael Moriarty held 50,126 shares of the technology company at the end of 2017Q2, valued at $7.57 million, up from 44,126 at the end of the previous reported quarter. Teewinot Capital Advisers Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $523.57 billion market cap company. The stock increased 1.00% or $1.79 during the last trading session, reaching $180.18. About 28.46M shares traded or 74.82% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since December 17, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Catalyst Capital Advisors Llc decreased its stake in Best Buy Inc (BBY) by 15.31% based on its latest 2017Q2 regulatory filing with the SEC. Catalyst Capital Advisors Llc sold 14,247 shares as the company’s stock rose 13.46% with the market. The institutional investor held 78,820 shares of the consumer services company at the end of 2017Q2, valued at $4.52M, down from 93,067 at the end of the previous reported quarter. Catalyst Capital Advisors Llc who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $19.10B market cap company. The stock increased 2.46% or $1.57 during the last trading session, reaching $65.32. About 6.91M shares traded or 61.11% up from the average. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since December 17, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

Since June 16, 2017, it had 0 insider purchases, and 16 selling transactions for $140.77 million activity. Saksena Asheesh sold $1.24 million worth of stock or 22,255 shares. Scarlett Kathleen had sold 2,388 shares worth $130.58 million on Tuesday, September 5. $187,341 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Barry Corie S. 260 Best Buy Co., Inc. (NYSE:BBY) shares with value of $15,578 were sold by Watson Mathew. $134,571 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Ballard Shari L. Nelsen Keith J sold $145,776 worth of stock.

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. UBS maintained Best Buy Co., Inc. (NYSE:BBY) on Wednesday, August 26 with “Neutral” rating. Telsey Advisory Group maintained Best Buy Co., Inc. (NYSE:BBY) rating on Wednesday, August 24. Telsey Advisory Group has “Outperform” rating and $42 target. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, September 19. The stock has “Underperform” rating by Bernstein on Monday, February 6. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Buy” rating by Piper Jaffray on Wednesday, August 2. The rating was upgraded by Deutsche Bank on Wednesday, April 12 to “Buy”. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Monday, August 15 by Jefferies. Raymond James maintained Best Buy Co., Inc. (NYSE:BBY) on Wednesday, August 24 with “Buy” rating. RBC Capital Markets maintained the shares of BBY in report on Friday, November 18 with “Sector Perform” rating. On Wednesday, May 25 the stock rating was downgraded by Deutsche Bank to “Hold”.

Catalyst Capital Advisors Llc, which manages about $653.50M and $2.34 billion US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 91,000 shares to 93,300 shares, valued at $12.44 million in 2017Q2, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 19,900 shares in the quarter, for a total of 69,900 shares, and has risen its stake in Vanguard Scottsdale Fds (VCSH).

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.22, from 1.01 in 2017Q1. It dropped, 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. Cadence Capital Mgmt Limited Liability Corp invested 0.18% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Virtus Advisers holds 1.04% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 185,391 shares. Kentucky Retirement stated it has 17,008 shares or 0.07% of all its holdings. Gam Ag owns 17,946 shares. Nationwide Fund Advsrs holds 0.09% or 380,006 shares. Credit Agricole S A owns 0.06% invested in Best Buy Co., Inc. (NYSE:BBY) for 335,018 shares. Tokio Marine Asset Mgmt accumulated 3,952 shares. Amalgamated Bancorp owns 29,652 shares. Metropolitan Life New York owns 128,030 shares for 0.05% of their portfolio. Legal And General Grp Pcl owns 1.52 million shares or 0.07% of their US portfolio. Intll invested 2.22% in Best Buy Co., Inc. (NYSE:BBY). Capstone Inv Advisors Limited Liability Corp accumulated 0.17% or 107,469 shares. Ubs Asset Mgmt Americas has invested 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Raymond James Financial Services Advsr Incorporated has invested 0.02% in Best Buy Co., Inc. (NYSE:BBY). Lucus Advsrs Lc accumulated 0.48% or 6,241 shares.

Teewinot Capital Advisers Llc, which manages about $260.49 million and $204.35 million US Long portfolio, decreased its stake in Citigroup Inc (Call) by 2,000 shares to 2,000 shares, valued at $565,000 in 2017Q2, according to the filing.

Since August 7, 2017, it had 0 insider purchases, and 35 sales for $943.68 million activity. 254,525 shares were sold by Zuckerberg Mark, worth $42.50M on Friday, August 25. Cox Christopher K also sold $2.77M worth of Facebook, Inc. (NASDAQ:FB) shares. Another trade for 4,699 shares valued at $806,019 was sold by FISCHER DAVID B.. Wehner David M. sold $2.59M worth of stock. Koum Jan had sold 2.95M shares worth $502.59 million. Schroepfer Michael Todd sold $6.53 million worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, August 8.

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. It increased, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Mairs & has invested 0% of its portfolio in Facebook, Inc. (NASDAQ:FB). Bank & Trust Of America De holds 16.84 million shares or 0.51% of its portfolio. Geode Llc holds 1.4% or 23.68 million shares. Wealthtrust invested in 0.38% or 4,891 shares. Altfest L J And Incorporated holds 13,477 shares or 1.23% of its portfolio. Gilman Hill Asset Mgmt Ltd Llc reported 7,936 shares stake. Stephens Ar holds 0.39% or 74,420 shares. Gruss & holds 9.64% or 56,500 shares. Comgest Glob Invsts Sas accumulated 0.24% or 63,100 shares. Cornerstone Advsrs holds 69,500 shares. New York-based Nokota Mgmt LP has invested 0.21% in Facebook, Inc. (NASDAQ:FB). Wesbanco National Bank & Trust Incorporated reported 76,398 shares. Td Asset Mngmt holds 0.43% or 1.80 million shares in its portfolio. Raab Moskowitz Asset Mgmt Limited invested 0.42% of its portfolio in Facebook, Inc. (NASDAQ:FB). Partner Inv Mgmt Ltd Partnership holds 6,951 shares or 1.41% of its portfolio.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 210 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, November 5 by Barclays Capital. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Argus Research on Friday, November 6. The company was maintained on Friday, July 21 by Deutsche Bank. The company was maintained on Monday, October 2 by Robert W. Baird. As per Thursday, April 28, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by BTIG Research to “Buy” on Tuesday, March 21. As per Wednesday, October 11, the company rating was maintained by Piper Jaffray. Cantor Fitzgerald maintained Facebook, Inc. (NASDAQ:FB) on Thursday, August 27 with “Buy” rating. As per Wednesday, October 11, the company rating was maintained by Credit Suisse. Canaccord Genuity maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 2 with “Buy” rating.

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