Orca Investment Management Has Decreased Its Western Digital (WDC) Holding by $2.41 Million as Stock Rose; As Bed Bath & Beyond (BBBY) Share Value Declined, Quinn Opportunity Partners Increased Holding

May 25, 2018 - By Hazel Jackson

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Logo

Orca Investment Management Llc decreased its stake in Western Digital Corp (WDC) by 52.31% based on its latest 2017Q4 regulatory filing with the SEC. Orca Investment Management Llc sold 30,553 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 27,852 shares of the electronic components company at the end of 2017Q4, valued at $2.22 million, down from 58,405 at the end of the previous reported quarter. Orca Investment Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.17 billion market cap company. The stock decreased 1.18% or $1.04 during the last trading session, reaching $87.46. About 2.61M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since May 25, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Quinn Opportunity Partners Llc increased its stake in Bed Bath & Beyond Inc (BBBY) by 14.98% based on its latest 2017Q4 regulatory filing with the SEC. Quinn Opportunity Partners Llc bought 27,883 shares as the company’s stock declined 9.72% with the market. The institutional investor held 214,000 shares of the home furnishings company at the end of 2017Q4, valued at $4.71M, up from 186,117 at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $2.52B market cap company. The stock increased 0.67% or $0.12 during the last trading session, reaching $17.96. About 2.67M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 47.16% since May 25, 2017 and is downtrending. It has underperformed by 58.71% the S&P500.

More news for Bed Bath & Beyond Inc. (NASDAQ:BBBY) were recently published by: Streetinsider.com, which released: “Bed Bath & Beyond (BBBY) Appoints Stephanie Bell-Rose To Board of Directors” on May 24, 2018. Seekingalpha.com‘s article titled: “The Market Is Too Pessimistic About Bed Bath & Beyond” and published on May 07, 2018 is yet another important article.

Among 33 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 11 Sell and 20 Hold. Therefore 6% are positive. Bed Bath & Beyond had 84 analyst reports since September 21, 2015 according to SRatingsIntel. Credit Agricole maintained the shares of BBBY in report on Friday, September 25 with “Neutral” rating. On Thursday, September 22 the stock rating was maintained by UBS with “Neutral”. Credit Suisse maintained the shares of BBBY in report on Thursday, March 31 with “Neutral” rating. As per Wednesday, December 23, the company rating was maintained by Telsey Advisory Group. The firm has “Sell” rating given on Thursday, June 23 by Goldman Sachs. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Hold” rating given on Sunday, February 11 by Robert W. Baird. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Hold” rating by Credit Suisse on Wednesday, March 14. Citigroup downgraded the stock to “Sell” rating in Wednesday, January 27 report. Loop Capital initiated Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Tuesday, December 20. Loop Capital has “Sell” rating and $35 target. KeyBanc Capital Markets maintained it with “Underweight” rating and $17 target in Wednesday, November 15 report.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.07, from 0.81 in 2017Q3. It worsened, as 71 investors sold BBBY shares while 105 reduced holdings. 56 funds opened positions while 75 raised stakes. 125.01 million shares or 3.64% less from 129.74 million shares in 2017Q3 were reported. Gideon Capital Advisors Inc holds 0.2% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 10,282 shares. Sg Americas Secs Limited, New York-based fund reported 37,425 shares. 100 were reported by Tradewinds Llc. California State Teachers Retirement Sys owns 256,156 shares or 0.01% of their US portfolio. Whittier Tru holds 0% or 608 shares. Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 36,200 shares. Dupont Management reported 0.04% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). First Quadrant LP Ca invested in 388 shares. Robeco Institutional Asset Mngmt Bv invested in 0.07% or 639,118 shares. Lingohr And Partner Asset Mngmt Gmbh reported 48,538 shares. Walleye Trading Limited Liability Company has 0.02% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 170,657 shares. Citadel Advsr accumulated 1.14M shares. Guggenheim Cap Ltd Liability Co owns 0.02% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 292,728 shares. Moreover, Gofen Glossberg Lc Il has 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Prentiss Smith & Com accumulated 0% or 150 shares.

Quinn Opportunity Partners Llc, which manages about $606.80 million US Long portfolio, decreased its stake in On Deck Capital Inc by 206,401 shares to 47,920 shares, valued at $275,000 in 2017Q4, according to the filing. It also reduced its holding in Bank Of America Corp (NYSE:BAC) by 258,500 shares in the quarter, leaving it with 153,000 shares, and cut its stake in Gannett Co Inc.

Another recent and important Western Digital Corporation (NASDAQ:WDC) news was published by Nasdaq.com which published an article titled: “Western Digital Corp Stock May Be a Steal” on May 15, 2018.

Among 38 analysts covering Western Digital (NASDAQ:WDC), 27 have Buy rating, 1 Sell and 10 Hold. Therefore 71% are positive. Western Digital had 175 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, July 23. The firm has “Buy” rating given on Tuesday, January 23 by Cowen & Co. Mizuho maintained it with “Buy” rating and $10500 target in Sunday, July 30 report. Barclays Capital initiated Western Digital Corporation (NASDAQ:WDC) on Wednesday, October 14 with “Equalweight” rating. Summit Research initiated it with “Buy” rating and $74 target in Monday, March 28 report. The stock has “Neutral” rating by JP Morgan on Wednesday, June 15. The firm has “Hold” rating given on Tuesday, March 6 by UBS. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by J.P. Morgan on Monday, May 14. RBC Capital Markets maintained Western Digital Corporation (NASDAQ:WDC) on Tuesday, October 10 with “Buy” rating. The company was maintained on Friday, April 27 by Maxim Group.

Since January 29, 2018, it had 0 insider purchases, and 14 selling transactions for $26.76 million activity. Another trade for 11,542 shares valued at $991,202 was sold by LAMBERT MICHAEL D. $5.33M worth of Western Digital Corporation (NASDAQ:WDC) was sold by MILLIGAN STEPHEN D. Another trade for 10,865 shares valued at $942,109 was sold by Sivaram Srinivasan. 7,026 shares were sold by LONG MARK P, worth $693,064.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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