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Moon Capital Management LP Position In Bed Bath & Beyond (BBBY) Was Upped; Bank Amer (BAC) Shareholder Bedell Frazier Investment Counseling Cut Stake as Market Valuation Declined

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John W. Moon increased its stake in Bed Bath & Beyond Inc (BBBY) by 640.22% based on its latest 2018Q1 regulatory filing with the SEC. Moon Capital Management Lp bought 320,111 shares as the company’s stock declined 17.09% with the market. The hedge fund run by John W. Moon held 370,111 shares of the home furnishings company at the end of 2018Q1, valued at $7.77 million, up from 50,000 at the end of the previous reported quarter. Moon Capital Management Lp who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $2.84B market cap company. The stock increased 0.25% or $0.05 during the last trading session, reaching $20.21. About 2.79M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 48.23% since June 20, 2017 and is downtrending. It has underperformed by 60.80% the S&P500. Some Historical BBBY News: 24/05/2018 – Bed Bath & Beyond: Bell-Rose is Senior Managing Director at TIAA; 11/04/2018 – Bed Bath & Beyond 4Q EPS $1.41; 12/04/2018 – Bed Bath & Beyond: Digital Competition Isn’t Relenting — Barrons.com; 04/04/2018 – Bed Bath & Beyond Inc. Appoints JB Osborne to Board of Directors; 17/05/2018 – BED BATH & BEYOND CEO VOLUNTARILY AGREED TO WAIVE SALARY; 14/04/2018 – Bed Bath & Buybacks — Barron’s; 24/05/2018 – Bed Bath & Beyond Inc. Appoints Stephanie Bell-Rose to Bd of Directors; 17/05/2018 – Bed Bath & Beyond: Stark to Start Uncompensated Role as Senior Adviser to CEO Around June 4; 11/04/2018 – Bed Bath & Beyond 4Q Net $194M; 11/04/2018 – BED BATH & BEYOND INC – BOARD OF DIRECTORS DECLARES INCREASE IN QUARTERLY DIVIDEND TO $0.16 PER SHARE

Bedell Frazier Investment Counseling Llc decreased its stake in Bank Amer Corp (BAC) by 5.7% based on its latest 2018Q1 regulatory filing with the SEC. Bedell Frazier Investment Counseling Llc sold 25,016 shares as the company’s stock declined 6.97% with the market. The institutional investor held 413,826 shares of the major banks company at the end of 2018Q1, valued at $12.41 million, down from 438,842 at the end of the previous reported quarter. Bedell Frazier Investment Counseling Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $296.68B market cap company. The stock decreased 0.48% or $0.14 during the last trading session, reaching $29.26. About 65.47 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 20, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 29/05/2018 – IBM Presenting at Bank of America Conference Jun 5; 16/04/2018 – BANK OF AMERICA 1Q FICC TRADING REV. EX-DVA $2.5B, EST. $2.96B; 20/04/2018 – INTERVIEW-Britain’s G4S looks beyond small change in cash revolution; 16/03/2018 – BofA European chief to step down amid Brexit frustrations; 02/04/2018 – U.S. Investment Grade Bond Sales Fall 12% This Year, BofA Leads; 08/05/2018 – Danaher Presenting at Bank of America Conference May 15; 12/04/2018 – GE Capital has ‘zero equity value,’ Bank of America says after deep dive analysis; 07/05/2018 – Bank Of America Will Finance Assault Weapons Maker In Bankruptcy — MarketWatch; 03/05/2018 – American Renal Presenting at Bank of America Conference May 16; 16/04/2018 – Bank of America 1Q-End Nonperforming Assets Ratio 0.72%

Bedell Frazier Investment Counseling Llc, which manages about $282.96 million US Long portfolio, upped its stake in Lululemon Athletica Inc (NASDAQ:LULU) by 44,370 shares to 113,215 shares, valued at $10.09 million in 2018Q1, according to the filing. It also increased its holding in Proshares Tr (QID) by 291,203 shares in the quarter, for a total of 936,803 shares, and has risen its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO).

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It turned negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Argentiere Cap Ag has invested 1.57% in Bank of America Corporation (NYSE:BAC). Bremer Natl Association stated it has 0.5% of its portfolio in Bank of America Corporation (NYSE:BAC). 27.29 million were reported by Parametric Port Assoc Ltd Liability Com. Carmignac Gestion holds 1.33% or 6.31M shares. Morgens Waterfall Vintiadis & accumulated 300,000 shares. Bloom Tree Ltd Liability Com has 3.21% invested in Bank of America Corporation (NYSE:BAC). Auxier Asset invested in 338,347 shares or 2.03% of the stock. Hollencrest Cap stated it has 0.6% of its portfolio in Bank of America Corporation (NYSE:BAC). Martingale Asset LP has invested 0.01% in Bank of America Corporation (NYSE:BAC). National Bank Hapoalim Bm holds 0.54% in Bank of America Corporation (NYSE:BAC) or 69,117 shares. Walleye Trading Lc reported 0.26% stake. First reported 129,388 shares. Perigon Wealth Management Limited Liability reported 0.06% stake. Churchill Mngmt has 0.07% invested in Bank of America Corporation (NYSE:BAC) for 81,136 shares. Cleararc Cap holds 244,394 shares or 1.11% of its portfolio.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 EPS, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39 billion for 11.61 P/E if the $0.63 EPS becomes a reality. After $0.62 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Howard Hughes Corp. starts construction on 55-story Chicago office tower” on June 15, 2018, also Seekingalpha.com with their article: “Bank Of America: More Tailwinds” published on June 03, 2018, Seekingalpha.com published: “US banks may boost payouts by $30B after stress tests: Bloomberg” on June 19, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Financial sector the winner today” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “US banks fall as ECB keeps rates unchanged, day after Fed raises” with publication date: June 14, 2018.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Renaissance Macro Securities LLC on Sunday, July 23 with “Buy”. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Thursday, September 10 by Wells Fargo. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, November 29 to “Outperform”. As per Thursday, June 1, the company rating was maintained by Credit Suisse. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Equal Weight”. CLSA maintained it with “Outperform” rating and $18 target in Friday, September 23 report. Deutsche Bank downgraded the shares of BAC in report on Tuesday, November 8 to “Hold” rating. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Market Perform”. On Monday, April 16 the stock rating was maintained by Jefferies with “Buy”. Berenberg initiated the stock with “Buy” rating in Wednesday, July 13 report.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Fool.com which released: “3 Dividend Stocks I’d Never Buy” on June 07, 2018, also Streetinsider.com published article titled: “Bed Bath & Beyond (BBBY) Appoints Stephanie Bell-Rose To Board of Directors”, Streetinsider.com published: “Bed Bath & Beyond (BBBY) Names Eugene A. Castagna as COO, Robyn M. D’Elia Named as CFO” on June 05, 2018. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Seekingalpha.com and their article: “Bed Bath & Beyond COO Castagna also is President; D’Elia moves up to CFO” with publication date: June 05, 2018.

Moon Capital Management Lp, which manages about $2.17B and $206.97M US Long portfolio, decreased its stake in Asbury Automotive Group Inc (NYSE:ABG) by 30,615 shares to 48,907 shares, valued at $3.30M in 2018Q1, according to the filing. It also reduced its holding in Tenneco Inc (NYSE:TEN) by 100,782 shares in the quarter, leaving it with 42,699 shares, and cut its stake in Ebay Inc (NASDAQ:EBAY).

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. Robert W. Baird maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, January 8 with “Neutral” rating. The stock has “Hold” rating by Robert W. Baird on Sunday, February 11. The stock has “Hold” rating by Jefferies on Thursday, October 8. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Buy” rating by Standpoint Research on Monday, January 18. The stock has “Market Perform” rating by TelseyAdvisory Group on Friday, September 25. The firm earned “Market Perform” rating on Friday, January 8 by Telsey Advisory Group. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, December 22. On Wednesday, March 14 the stock rating was maintained by Credit Suisse with “Hold”. The firm has “Neutral” rating given on Thursday, June 23 by Credit Suisse. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Neutral” rating given on Wednesday, December 23 by SunTrust.

Investors sentiment increased to 1.06 in Q1 2018. Its up 0.32, from 0.74 in 2017Q4. It is positive, as 26 investors sold BBBY shares while 100 reduced holdings. 44 funds opened positions while 89 raised stakes. 124.91 million shares or 0.09% less from 125.01 million shares in 2017Q4 were reported. Lmr Prns Llp invested in 130,212 shares. Cornerstone Advsr Inc accumulated 0% or 30 shares. Amer International Group Inc Inc holds 0.02% or 284,789 shares in its portfolio. Wells Fargo & Mn stated it has 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Maverick Cap holds 871,349 shares. Meeder Asset Mgmt invested in 0% or 1,551 shares. Thrivent Financial For Lutherans holds 0% or 32,477 shares in its portfolio. Sg Americas Secs Limited Liability Company owns 116,799 shares. Proshare Limited Co invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Davidson Kempner Management Ltd Partnership reported 0.05% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Private Advisor Group Limited Liability Co reported 12,303 shares stake. J Goldman Company LP holds 0.1% or 110,731 shares. Moreover, Mutual Of America Ltd Liability Corp has 0.04% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 118,443 shares. Mogy Joel R Inv Counsel holds 53,896 shares. Fifth Third Commercial Bank has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY).

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

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