Bed Bath & Beyond INC (BBBY) Holder Seabridge Investment Advisors LLC Has Cut Its Stake

June 9, 2017 - By Ellis Scott

Investors sentiment increased to 0.77 in 2016 Q4. Its up 0.03, from 0.74 in 2016Q3. It improved, as 59 investors sold BBBY shares while 178 reduced holdings. 48 funds opened positions while 135 raised stakes. 138.22 million shares or 0.25% less from 138.56 million shares in 2016Q3 were reported. Hbk Limited Partnership has 25,536 shares. 62,533 are held by First Quadrant LP Ca. 8,273 were accumulated by Bluecrest Cap Management Limited. 27,005 were reported by Argi Investment Limited Liability Com. 95 were reported by Patten Gp. Moreover, Gamco Et Al has 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 38,100 shares. Macquarie Grp invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). California State Teachers Retirement System holds 317,228 shares. Clifford Swan Counsel Llc reported 0.41% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Alps Advisors, a Colorado-based fund reported 10,370 shares. Meeder Asset Mngmt accumulated 25,910 shares. Federated Investors Incorporated Pa, a Pennsylvania-based fund reported 426,270 shares. Burney reported 0.02% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Delta Asset Management Ltd Tn holds 1.53% or 225,044 shares in its portfolio. 5,500 are held by Marathon Trading Ltd Liability Corporation.

Since May 5, 2017, it had 0 insider purchases, and 1 sale for $3.59 million activity. TEMARES STEVEN H sold 96,109 shares worth $3.59 million.

Seabridge Investment Advisors Llc decreased its stake in Bed Bath & Beyond Inc. (BBBY) by 57.08% based on its latest 2016Q4 regulatory filing with the SEC. Seabridge Investment Advisors Llc sold 80,040 shares as the company’s stock declined 14.12% while stock markets rallied. The institutional investor held 60,177 shares of the home furnishings company at the end of 2016Q4, valued at $2.45M, down from 140,217 at the end of the previous reported quarter. Seabridge Investment Advisors Llc who had been investing in Bed Bath & Beyond Inc. for a number of months, seems to be less bullish one the $4.98B market cap company. The stock rose 2.28% or $0.77 reaching $34.59. About 875,596 shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since June 9, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

Seabridge Investment Advisors Llc, which manages about $689.24 million and $416.11 million US Long portfolio, upped its stake in Ares Capital Corporation (NASDAQ:ARCC) by 227,325 shares to 227,985 shares, valued at $3.76M in 2016Q4, according to the filing.

Wall Street await Bed Bath & Beyond Inc. (NASDAQ:BBBY) to release earnings on June, 28. Analysts forecast earnings per share of $0.65, down exactly $0.15 or 18.75 % from 2014’s $0.8 EPS. The expected BBBY’s profit could reach $93.74 million giving the stock 13.31 P/E in the case that $0.65 earnings per share is reported. After posting $1.84 EPS for the previous quarter, Bed Bath & Beyond Inc.’s analysts now forecast -64.67 % negative EPS growth.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Bloomberg.com which released: “Bed Bath & Beyond Cuts CEO Pay by 13% After Investor Backlash” on May 31, 2017, also Zacks.com published article titled: “Can Bed Bath & Beyond’s (BBBY) Strategies Help its Revival?”, Benzinga.com published: “Bed Bath & Beyond Upgraded, But Not On Fundamentals” on May 12, 2017. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Nasdaq.com and their article: “RSI Alert: Bed, Bath & Beyond Now Oversold” with publication date: June 06, 2017.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Among 25 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 6 Sell and 17 Hold. Therefore 8% are positive. Bed Bath & Beyond had 44 analyst reports since September 21, 2015 according to SRatingsIntel. As per Friday, February 12, the company rating was downgraded by Oppenheimer. Telsey Advisory Group upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, September 25 to “Market Perform” rating. The stock has “Neutral” rating by JP Morgan on Thursday, June 23. Deutsche Bank maintained the shares of BBBY in report on Friday, January 8 with “Hold” rating. The firm has “Buy” rating given on Monday, September 21 by SunTrust. On Friday, January 8 the stock rating was maintained by Argus Research with “Buy”. Deutsche Bank maintained the stock with “Hold” rating in Friday, September 25 report. The firm earned “Neutral” rating on Friday, January 8 by Robert W. Baird. On Friday, September 25 the stock rating was maintained by Credit Agricole with “Neutral”. Standpoint Research upgraded the shares of BBBY in report on Monday, January 18 to “Buy” rating.

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