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Louisiana State Employees Retirement System Cuts Holdings in Best Buy Co., Inc. (NYSE:BBY)

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Louisiana State Employees Retirement System Cuts Holdings in Best Buy Co., Inc. (NYSE:BBY)



Louisiana State Workers Retirement System trimmed its holdings in shares of Finest Purchase Co., Inc. (NYSE:BBY – Get Score) by 1.4% throughout the 1st quarter, HoldingsChannel.com reviews. The agency owned 13,700 shares of the know-how retailer’s inventory after promoting 200 shares throughout the quarter. Louisiana State Workers Retirement System’s holdings in Finest Purchase have been value $1,293,000 as of its most up-to-date SEC submitting.

Different institutional buyers and hedge funds have additionally modified their holdings of the corporate. Counterpoint Mutual Funds LLC bought a brand new stake in Finest Purchase throughout the 4th quarter valued at $25,000. Harmony Wealth Companions boosted its stake in shares of Finest Purchase by 1,016.0% within the 4th quarter. Harmony Wealth Companions now owns 279 shares of the know-how retailer’s inventory value $28,000 after shopping for an extra 254 shares over the last quarter. Widmann Monetary Providers Inc. bought a brand new place in shares of Finest Purchase within the 4th quarter value $31,000. Adirondack Belief Co. bought a brand new place in shares of Finest Purchase within the 1st quarter value $30,000. Lastly, Dixon Hughes Goodman Wealth Advisors LLC bought a brand new place in shares of Finest Purchase within the 4th quarter value $35,000. Institutional buyers and hedge funds personal 80.79% of the corporate’s inventory.

Quite a few analysis companies have just lately issued reviews on BBY. Financial institution of America downgraded Finest Purchase from a “purchase” score to a “impartial” score in a analysis be aware on Tuesday, June 14th. StockNews.com downgraded Finest Purchase from a “purchase” score to a “maintain” score in a analysis be aware on Friday, Might twenty seventh. Citigroup reaffirmed a “purchase” score on shares of Finest Purchase in a report on Thursday, June twenty third. Piper Sandler decreased their goal value on Finest Purchase to $91.00 in a report on Wednesday, Might twenty fifth. Lastly, Wedbush decreased their goal value on Finest Purchase from $80.00 to $75.00 and set a “purchase” score on the inventory in a report on Wednesday, Might twenty fifth. One funding analyst has rated the inventory with a promote score, six have assigned a maintain score and 9 have assigned a purchase score to the corporate’s inventory. In response to MarketBeat, the corporate has a median score of “Reasonable Purchase” and a median value goal of $96.06.

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In different information, insider Todd G. Hartman offered 1,188 shares of Finest Purchase inventory in a transaction that occurred on Thursday, April twenty first. The shares have been offered at a median value of $95.72, for a complete transaction of $113,715.36. Following the completion of the sale, the insider now owns 34,513 shares of the corporate’s inventory, valued at $3,303,584.36. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by means of this hyperlink. Additionally, insider Allison Peterson offered 1,646 shares of Finest Purchase inventory in a transaction that occurred on Wednesday, June 1st. The shares have been offered at a median value of $80.68, for a complete transaction of $132,799.28. Following the sale, the insider now straight owns 39,030 shares of the corporate’s inventory, valued at roughly $3,148,940.40. The disclosure for this sale might be discovered right here. Insiders have offered 64,143 shares of firm inventory valued at $5,146,061 within the final ninety days. Insiders personal 0.44% of the corporate’s inventory.

NYSE:BBY opened at $71.17 on Friday. Finest Purchase Co., Inc. has a 52 week low of $64.29 and a 52 week excessive of $141.97. The enterprise’s 50-day easy shifting common is $77.50 and its two-hundred day easy shifting common is $90.71. The inventory has a market cap of $16.03 billion, a PE ratio of seven.90, a P/E/G ratio of 0.97 and a beta of 1.47. The corporate has a fast ratio of 0.24, a present ratio of 0.96 and a debt-to-equity ratio of 0.42.

Finest Purchase (NYSE:BBY – Get Score) final introduced its earnings outcomes on Tuesday, Might twenty fourth. The know-how retailer reported $1.57 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.61 by ($0.04). Finest Purchase had a internet margin of 4.33% and a return on fairness of 63.39%. The enterprise had income of $10.65 billion for the quarter, in comparison with analysts’ expectations of $10.43 billion. Throughout the identical quarter final yr, the agency earned $2.23 EPS. The agency’s quarterly income was down 8.5% on a year-over-year foundation. Promote-side analysts anticipate that Finest Purchase Co., Inc. will publish 8.69 earnings per share for the present fiscal yr.

The enterprise additionally just lately declared a quarterly dividend, which was paid on Tuesday, July fifth. Stockholders of file on Tuesday, June 14th have been paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, June thirteenth. Finest Purchase’s dividend payout ratio is presently 39.07%.

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Finest Purchase Firm Profile (Get Score)

Finest Purchase Co, Inc retails know-how merchandise in america and Canada. The corporate operates in two segments, Home and Worldwide. Its shops present computing merchandise, equivalent to desktops, notebooks, and peripherals; cellphones comprising associated cellular community provider commissions; networking merchandise; tablets protecting e-readers; smartwatches; and client electronics consisting of digital imaging, well being and health, house theater, transportable audio comprising headphones and transportable audio system, and good house merchandise.

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Wish to see what different hedge funds are holding BBY? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Finest Purchase Co., Inc. (NYSE:BBY – Get Score).

Institutional Ownership by Quarter for Best Buy (NYSE:BBY)



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Louisiana

City to close problem hotel along Louisiana Friday

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City to close problem hotel along Louisiana Friday


The Barcelona Suites off Louisiana seems to be the latest problem property on the city’s radar.

ALBUQUERQUE, N.M. — The Barcelona Suites off Louisiana seems to be the latest problem property on the city’s radar.

Cops were seen going in and out of rooms on the property around 10 a.m. Thursday morning.

This wouldn’t be the first hotel to run into issues, the city recently closed some hotels off Coors and Illif.

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The city’s Planning Department told KOB 4 this was an announced inspection, they posted 24-hour notices on the property Wednesday.

On Thursday morning, Code Enforcement and APD conducted the inspection, ultimately decided to close the hotel by 2 p.m. Friday.

Residents near the Barcelona suites on Louisiana are breathing a sigh of relief.

“There has been so many activities going down the last couple of years, it has just gotten worse and worse. Shootings, stabbings, drug activity all hours of the day,” said Wendy Tafoya, a nearby Resident.

 “It’s the best thing ever, I feel a great relief,” said Mickie Johnson, a fellow nearby resident.

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Tafoya said all the commotion Thursday morning at the problem hotel was hard to miss. Then an Albuquerque police officer knocked on her door to deliver the news.

“This morning, we noticed that there was a bunch of police and police activity then one of the officers came and told us that what they were doing is they were going to shut that building down because it has become a nuisance,” she said.

We spoke to multiple residents who say their neighborhood association has been trying to get the hotel on the city’s radar, but the work doesn’t stop here.

“My concern is what are they going to do next,” said another resident who did not want to be on camera.

While the hotel is shutting down, they worry that won’t solve the issue of homelessness in the community.

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“I have mixed emotions about the motel because I know that it is not kept good. My feeling is they will congregate there, there is no doubt about that. Demolishing it, maybe. Unless there is a good owner who says in writing that they are going to fix it up,” said the resident.

The city said this was a large operation. We are expecting to hear more from the planning department and city leaders Friday afternoon after the hotel closes.



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Top prosecutor says 2 remaining New Orleans jail escapees may be in other cities: “They can’t hide forever”

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Top prosecutor says 2 remaining New Orleans jail escapees may be in other cities: “They can’t hide forever”


Two inmates — Antoine Massey and Derrick Groves — who were among 10 people who escaped from a New Orleans jail nearly two weeks ago may be in other cities, Louisiana Attorney General Liz Murrill told CBS News in an interview on Wednesday.

Eight of the 10 Orleans Parish Prison inmates have been recaptured after their May 16 jailbreak went unnoticed for hours. Some of them were found within the city’s famous French Quarter and others elsewhere within the state of Louisiana, but two of them were found in Texas following extensive surveillance efforts by the U.S. Marshals, authorities said Tuesday.

Attorney General Murrill said the escapees’ primary networks are based in New Orleans, and the high-profile case makes it tougher for them to walk around without being noticed.

“They can keep running, but they can’t hide forever,” Murrill said, adding that she’s confident the two who are still on the run will be taken into custody.

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Investigations into what Louisiana Gov. Jeff Landry called the worst jailbreak in recent state history are ongoing, with at least 13 people arrested in connection with the breakout. 

The state’s top prosecutor said there are several factors that led to the escape, including the court system, jail staffing and infrastructure issues. A high-priority problem, Murrill added, is the issue of slow-moving criminal cases in the district’s court system, which she says has led to overcrowding at the facility.

Although one-third of the jail’s security cameras weren’t working at the time, according to the Orleans Parish Sheriff’s Office, one surveillance video captured several inmates forcing open a cell door at about 12:22 a.m. CDT and breaching a wall behind the cell’s toilet. At around 1 a.m., video showed, the inmates fled the building through a nearby loading dock, according to the Orleans Parish Sheriff’s Office.

The escape went unnoticed by the sheriff’s office until approximately 8:30 a.m. that day. At the time of the escape, no sheriff’s deputy was assigned to the area where the inmates initiated the jailbreak.

The sheriff’s office also said last week that locks on the cells were defective and the escapees were housed in that particular unit due to ongoing renovations at their previous unit, including new locks being installed.

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Murrill, who visited the jail on Tuesday, said that one unit has had all hinges and locks replaced, while another 160 cells need to have the same work done.

“I think that there is hardening that needs to happen at that facility that’s just physical changes to things like light bulbs and locks that needs to happen,” Murrill said Wednesday. “But at the end of all this, you really have to be able to efficiently move cases, or you’re still going to have a continuing problem with a violent population that’s there for a very long time, and will continue to beat up and exploit any kind of weakness they can find in that facility.”

In a post on X, the Orleans Parish Sheriff’s Office announced “significant flooding” problems at the jail following the escape, writing, “despite emergency repairs over the weekend, the plumbing challenges still remain, and water is continuing to accumulate in parts of the facility.”

The sheriff’s office added, “OPSO is working to bring in an external water supply to temporarily accommodate the plumbing issue.”

On Wednesday afternoon, inmates at the facility yelled out to CBS News cameras outside the facility, “we need water.”

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The attorney general said she has spoken with the sheriff about those issues, as well.

The dysfunction at the correctional facility dates back generations. In 1970, a federal judge declaring its overcrowding to be unconstitutional in 1970. In 2005, Hurricane Katrina stranded inmates in chest-high water and left the jail without power. In 2013, a video showed inmates using drugs, drinking beer and brandishing a gun. 

Issues continued even after the 2015 opening of the state-of-the-art Orleans Justice Center, which houses nearly 1,400 inmates. There were major issues with the building from the outset, including a lack of supervision and adequate housing for mentally ill inmates, The Associated Press reported.

Following the escape nearly two weeks ago, Gov. Landry ordered the removal of all remaining state Department of Corrections prison inmates from the facility.

The Orleans Parish District Attorney Jason Williams also vocalized concerns about the sheriff’s office’s ability to securely conduct business, telling CBS News in an interview Monday night he plans to request for a private security detail to temporarily secure the New Orleans courthouse.

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Orleans Parish Sheriff Susan Hutson, who oversees the jail, said she “takes full accountability” for the escape. She also announced she was temporarily suspending her reelection campaign, saying, in part: “Now is the time to focus on security, accountability, and public safety.”

When asked what policy changes need to happen to ensure another jailbreak doesn’t happen, Murrill said: “I think that jail officials know the population at their jail, and they know whether that it’s suitable for the population that they have.”

She added that everyone in the community needs to be paying attention and “participates in insisting that the leadership, the facility, and the court system are all doing their part to protect us and to move these cases through.”

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contributed to this report.



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LDWF Schedules Drawdown for Saline Lake (Natchitoches and Winn Parishes)

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LDWF Schedules Drawdown for Saline Lake (Natchitoches and Winn Parishes)


The Louisiana Department of Wildlife and Fisheries (LDWF) has scheduled a drawdown of Saline Lake (Natchitoches and Winn Parishes) for giant salvinia control, reduction of organic muck, and fish habitat improvement.  The drawdown is designed to reduce the further expansion of giant salvinia as summertime temperatures promote maximum growth.

The water control structure is scheduled to open on Monday July 7, 2025, and the lake should dewater at a rate of 4 inches per day.  The water level will be lowered to a maximum drawdown level of 8 feet below normal pool stage, depending on the Red River Pool 3 water level.  The Saline Lake control gates are scheduled for closure on Wednesday October 1, 2025, to allow the lake to refill for fall, winter and early-spring recreational activities.

During the drawdown, an estimated 2,500-3,000 acres of water will remain in the lake.  Boaters may still access the main waterbody from the Mulligan Inn Boat Ramp with small craft, but caution is advised, as numerous obstructions that are normally not seen may become hazards.

This action is a necessary component of LDWF’s integrated management plan to control overabundant aquatic vegetation and to improve and sustain access for recreational activities.  An annual cycle of high and low water fluctuation can provide beneficial effects similar to a natural overflow lake system and replicate the natural ebb and flow of the watershed.

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Drawdowns are timed to take advantage of prevalent late summer, fall, and winter weather patterns. If favorable weather patterns do not occur, the effectiveness of the drawdown is reduced. For this reason, some drawdowns are very successful, while others can be less effective.

The current LDWF Saline Lake Aquatic Vegetative Management Plan can be viewed at: 

https://www.wlf.louisiana.gov/assets/Resources/Publications/Freshwater_Inland_Fish/Aquatic-Vegetation-Control-Plans/Saline-Lake–AVCP-2024.pdf  

For additional information regarding the drawdown, contact Villis Dowden, LDWF Biologist, at vdowden@wlf.la.gov or (318) 357-3214. 

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