$0.37 EPS Expected for Bed Bath & Beyond Inc. (BBBY); Magellan Midstream Partners LP (MMP) Shorts Increased By 7.79%

November 15, 2017 - By Linda Rogers

Magellan Midstream Partners LP (NYSE:MMP) had an increase of 7.79% in short interest. MMP’s SI was 4.81 million shares in November as released by FINRA. Its up 7.79% from 4.46 million shares previously. With 813,500 avg volume, 6 days are for Magellan Midstream Partners LP (NYSE:MMP)’s short sellers to cover MMP’s short positions. The SI to Magellan Midstream Partners LP’s float is 2.11%. It closed at $65.3 lastly. It is down 3.55% since November 15, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report $0.37 EPS on December, 20.They anticipate $0.48 EPS change or 56.47% from last quarter’s $0.85 EPS. BBBY’s profit would be $53.07M giving it 13.66 P/E if the $0.37 EPS is correct. After having $0.75 EPS previously, Bed Bath & Beyond Inc.’s analysts see -50.67% EPS growth. It closed at $20.22 lastly. It is down 16.34% since November 15, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

Among 20 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Magellan Midstream Partners L.P. had 51 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 4 by Wunderlich. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, June 20 report. As per Monday, December 19, the company rating was initiated by Ladenburg Thalmann. The firm earned “Hold” rating on Thursday, September 7 by Stifel Nicolaus. Raymond James downgraded the stock to “Outperform” rating in Thursday, January 12 report. The firm has “Neutral” rating given on Friday, August 7 by Credit Suisse. As per Tuesday, June 14, the company rating was initiated by Seaport Global. The firm earned “Equal-Weight” rating on Thursday, February 25 by Morgan Stanley. Raymond James upgraded the stock to “Strong Buy” rating in Monday, January 4 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Underperform” rating given on Monday, July 10 by Mizuho.

Since May 24, 2017, it had 0 insider buys, and 1 sale for $600,000 activity. The insider May Douglas J sold 8,000 shares worth $600,000.

Investors sentiment increased to 0.9 in 2017 Q2. Its up 0.07, from 0.83 in 2017Q1. It improved, as 38 investors sold Magellan Midstream Partners, L.P. shares while 153 reduced holdings. 37 funds opened positions while 134 raised stakes. 131.72 million shares or 0.48% less from 132.35 million shares in 2017Q1 were reported. Alliancebernstein L P invested in 56,641 shares. Mirador Cap Partners Limited Partnership reported 0.14% stake. Moreover, Counselors has 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Douglass Winthrop Advsr Ltd Liability Co accumulated 5,631 shares or 0.02% of the stock. Starr Intl Company accumulated 110,000 shares. Telemus Capital Limited Company has invested 0.11% in Magellan Midstream Partners, L.P. (NYSE:MMP). Thomaspartners reported 312,894 shares. Mai Cap Management accumulated 128,740 shares or 0.59% of the stock. 2.07 million were reported by Eagle Ltd Llc. Ancora Advsr Limited Co reported 0.2% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Capital One National Association has 9,695 shares for 0.05% of their portfolio. The United Kingdom-based Gsa Cap Ptnrs Llp has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Whitnell And invested 0.5% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). National Bank Of Montreal Can owns 1.99 million shares for 0.14% of their portfolio. Pinnacle Assocs Ltd accumulated 18,390 shares or 0.03% of the stock.

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The company has market cap of $14.89 billion. The Firm operates through three divisions: refined products, crude oil and marine storage. It has a 17.64 P/E ratio.

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.13, from 0.88 in 2017Q1. It turned negative, as 77 investors sold Bed Bath & Beyond Inc. shares while 140 reduced holdings. 44 funds opened positions while 118 raised stakes. 133.60 million shares or 0.63% more from 132.77 million shares in 2017Q1 were reported. Clifford Swan Inv Counsel Limited Liability Co reported 0.4% stake. Old Mutual Customised Solutions (Proprietary) Limited reported 0.02% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Whittier Tru Co Of Nevada Incorporated holds 0% or 890 shares in its portfolio. Lafayette Invests owns 113,054 shares or 1.27% of their US portfolio. 13,467 were accumulated by U S Global Incorporated. 10,123 are held by Westpac Bk. Lsv Asset Management holds 0.07% or 1.32M shares in its portfolio. Gulf Int Natl Bank (Uk) holds 0.02% or 50,998 shares in its portfolio. Northcoast Asset Mngmt Ltd Limited Liability Company holds 0.19% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 55,350 shares. Ws Management Lllp invested in 395,200 shares. Endurance Wealth Mgmt has invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Federated Invsts Incorporated Pa holds 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 121,333 shares. Moreover, Soros Fund Limited Liability has 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 14,800 shares. Sei Company reported 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Patten Group Inc has 95 shares.

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By1 Linda Rogers




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