Pinebridge Investments LP Has Lowered Holding in Best Buy Com (BBY) by $4.98 Million; As United Rentals (URI) Market Value Rose, Shareholder Qci Asset Management Has Cut Its Holding by $594,054

April 18, 2018 - By Peter Erickson

United Rentals, Inc. (NYSE:URI) Logo

Qci Asset Management Inc decreased its stake in United Rentals Inc. (URI) by 2.93% based on its latest 2017Q4 regulatory filing with the SEC. Qci Asset Management Inc sold 3,474 shares as the company’s stock rose 4.52% while stock markets declined. The institutional investor held 115,115 shares of the technology company at the end of 2017Q4, valued at $19.79 million, down from 118,589 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in United Rentals Inc. for a number of months, seems to be less bullish one the $15.15 billion market cap company. The stock increased 1.39% or $2.46 during the last trading session, reaching $180. About 541,933 shares traded. United Rentals, Inc. (NYSE:URI) has risen 48.17% since April 18, 2017 and is uptrending. It has outperformed by 36.62% the S&P500.

Pinebridge Investments Lp decreased its stake in Best Buy Inc Com (BBY) by 47.49% based on its latest 2017Q4 regulatory filing with the SEC. Pinebridge Investments Lp sold 73,304 shares as the company’s stock rose 0.94% while stock markets declined. The hedge fund held 81,045 shares of the consumer services company at the end of 2017Q4, valued at $5.55 million, down from 154,349 at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Best Buy Inc Com for a number of months, seems to be less bullish one the $21.23B market cap company. The stock increased 3.22% or $2.34 during the last trading session, reaching $75.09. About 1.48M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 46.62% since April 18, 2017 and is uptrending. It has outperformed by 35.07% the S&P500.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.17, from 1.09 in 2017Q3. It dropped, as 43 investors sold URI shares while 209 reduced holdings. 76 funds opened positions while 156 raised stakes. 71.73 million shares or 3.37% less from 74.23 million shares in 2017Q3 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) owns 67,943 shares. Putnam Investments Llc holds 113,257 shares. Hgk Asset Management reported 0.05% stake. Comerica Financial Bank holds 0.03% or 26,240 shares. New Jersey Better Educational Savings reported 2,500 shares. Guardian Life Ins Of America holds 0.01% or 273 shares in its portfolio. Earnest Prtn Limited Co owns 43 shares. Fred Alger Mgmt reported 500,674 shares or 0.39% of all its holdings. 8,231 were accumulated by Capital Advisers Ltd Company. Lmr Llp stated it has 9,397 shares. Sigma Planning Corporation stated it has 1,223 shares. North Star Investment Management accumulated 320 shares. Peconic Ltd Llc reported 139,508 shares. Ascend Capital Ltd Liability Corp invested in 0.15% or 23,495 shares. Aperio Group Inc Limited Company holds 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI) for 30,974 shares.

Among 23 analysts covering United Rentals Inc. (NYSE:URI), 7 have Buy rating, 4 Sell and 12 Hold. Therefore 30% are positive. United Rentals Inc. had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, May 25 by RBC Capital Markets. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Citigroup on Friday, October 20. Deutsche Bank initiated United Rentals, Inc. (NYSE:URI) rating on Wednesday, September 7. Deutsche Bank has “Hold” rating and $79 target. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Stifel Nicolaus on Friday, January 26. As per Friday, September 25, the company rating was initiated by Barclays Capital. RBC Capital Markets maintained United Rentals, Inc. (NYSE:URI) rating on Tuesday, October 10. RBC Capital Markets has “Buy” rating and $144.0 target. Stifel Nicolaus maintained United Rentals, Inc. (NYSE:URI) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $92.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 18. Jefferies maintained United Rentals, Inc. (NYSE:URI) on Friday, June 9 with “Buy” rating. The rating was initiated by Argus Research on Tuesday, October 4 with “Buy”.

Qci Asset Management Inc, which manages about $2.52B and $977.45 million US Long portfolio, upped its stake in Palo Alto Networks Inc (NYSE:PANW) by 2,977 shares to 84,328 shares, valued at $12.22 million in 2017Q4, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 7,469 shares in the quarter, for a total of 196,980 shares, and has risen its stake in Zimmer Biomet Holdings Inc. (ZMH).

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on May, 24. They expect $0.74 earnings per share, up 23.33% or $0.14 from last year’s $0.6 per share. BBY’s profit will be $209.21M for 25.37 P/E if the $0.74 EPS becomes a reality. After $2.42 actual earnings per share reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts -69.42% negative EPS growth.

Investors sentiment increased to 0.86 in 2017 Q4. Its up 0.10, from 0.76 in 2017Q3. It increased, as 34 investors sold BBY shares while 198 reduced holdings. 75 funds opened positions while 124 raised stakes. 233.61 million shares or 5.15% less from 246.28 million shares in 2017Q3 were reported. Globeflex LP holds 15,601 shares or 0.3% of its portfolio. Engineers Gate Manager LP accumulated 66,466 shares or 0.31% of the stock. Prudential Public Limited Liability Company invested 0.33% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). State Board Of Administration Of Florida Retirement Sys owns 418,549 shares or 0.08% of their US portfolio. Asset Management holds 67,937 shares or 0.08% of its portfolio. Fiduciary Trust stated it has 0.02% in Best Buy Co., Inc. (NYSE:BBY). Todd Asset Ltd has invested 0.46% in Best Buy Co., Inc. (NYSE:BBY). Meiji Yasuda Life owns 0.08% invested in Best Buy Co., Inc. (NYSE:BBY) for 8,700 shares. Federated Investors Pa reported 64,297 shares. Jefferies Group Lc has 18,000 shares for 0.01% of their portfolio. Canada Pension Plan Invest Board invested 0.05% in Best Buy Co., Inc. (NYSE:BBY). The Minnesota-based Gradient Limited Liability Co has invested 0% in Best Buy Co., Inc. (NYSE:BBY). Zweig holds 0.03% or 4,000 shares in its portfolio. 4,888 are owned by Rafferty Asset Management Llc. Cibc Ww Mkts Corporation has invested 0.03% in Best Buy Co., Inc. (NYSE:BBY).

Pinebridge Investments Lp, which manages about $38.23B and $3.89B US Long portfolio, upped its stake in Scientific Games Corp Cl A (NASDAQ:SGMS) by 11,949 shares to 18,496 shares, valued at $949,000 in 2017Q4, according to the filing. It also increased its holding in Capstead Mtg Corp Com No Par (NYSE:CMO) by 135,766 shares in the quarter, for a total of 289,994 shares, and has risen its stake in New Media Invt Group Inc Com (NYSE:NEWM).

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

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