Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,232 shares of the company's stock after selling 114,463 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.28% of Beyond worth $637,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BYON. Kohmann Bosshard Financial Services LLC bought a new position in shares of Beyond in the fourth quarter worth $30,000. R Squared Ltd bought a new position in Beyond in the 4th quarter worth about $32,000. Hollencrest Capital Management boosted its stake in Beyond by 185.7% in the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock worth $49,000 after purchasing an additional 6,500 shares during the period. Marathon Trading Investment Management LLC purchased a new position in Beyond during the 4th quarter valued at about $59,000. Finally, SG Americas Securities LLC bought a new stake in shares of Beyond during the fourth quarter valued at about $67,000. Institutional investors own 76.30% of the company's stock.
Beyond Price Performance
NYSE BYON traded up $0.57 during trading hours on Wednesday, reaching $5.40. 5,241,887 shares of the stock traded hands, compared to its average volume of 3,397,936. The stock has a 50 day simple moving average of $6.92 and a two-hundred day simple moving average of $7.27. The company has a market cap of $297.15 million, a price-to-earnings ratio of -0.73 and a beta of 3.91. Beyond, Inc. has a 1 year low of $4.45 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.
Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.17). Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $303.15 million for the quarter, compared to analysts' expectations of $337.96 million. On average, analysts predict that Beyond, Inc. will post -3.75 EPS for the current fiscal year.
Insider Buying and Selling at Beyond
In related news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on BYON. Argus lowered shares of Beyond from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. Maxim Group reduced their price target on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group lowered their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research report on Monday, March 10th. Wedbush restated an "outperform" rating and set a $15.00 target price on shares of Beyond in a research report on Wednesday, March 19th. Finally, Barclays lowered their price target on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.64.
View Our Latest Analysis on Beyond
Beyond Company Profile
(
Free Report)
Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.
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