Quinn Opportunity Partners LLC Sells 10,800 Shares of Bed Bath & Beyond, Inc. $BBBY

Quinn Opportunity Partners LLC reduced its stake in Bed Bath & Beyond, Inc. (NYSE:BBBY) by 20.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,820 shares of the company’s stock after selling 10,800 shares during the period. Quinn Opportunity Partners LLC owned approximately 0.07% of Bed Bath & Beyond worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BBBY. ProShare Advisors LLC raised its holdings in Bed Bath & Beyond by 19.4% in the 2nd quarter. ProShare Advisors LLC now owns 518,173 shares of the company’s stock valued at $3,565,000 after acquiring an additional 84,356 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Bed Bath & Beyond during the 1st quarter worth $2,256,000. Jump Financial LLC bought a new position in shares of Bed Bath & Beyond in the first quarter worth $2,118,000. Wedbush Securities Inc. raised its stake in Bed Bath & Beyond by 18.5% in the first quarter. Wedbush Securities Inc. now owns 156,483 shares of the company’s stock valued at $908,000 after purchasing an additional 24,460 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Bed Bath & Beyond by 217.4% during the first quarter. AQR Capital Management LLC now owns 131,501 shares of the company’s stock worth $763,000 after purchasing an additional 90,076 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.

Bed Bath & Beyond Stock Performance

Shares of BBBY opened at $6.75 on Thursday. Bed Bath & Beyond, Inc. has a 52 week low of $3.54 and a 52 week high of $12.65. The stock has a fifty day moving average of $9.08 and a 200-day moving average of $7.94. The stock has a market capitalization of $464.37 million, a price-to-earnings ratio of -2.40 and a beta of 2.70.

Bed Bath & Beyond (NYSE:BBBY) last posted its earnings results on Monday, October 27th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. The firm had revenue of $257.19 million during the quarter, compared to the consensus estimate of $258.35 million. Bed Bath & Beyond had a negative return on equity of 57.26% and a negative net margin of 13.50%. As a group, equities analysts forecast that Bed Bath & Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on BBBY shares. Needham & Company LLC reissued a “hold” rating on shares of Bed Bath & Beyond in a report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bed Bath & Beyond in a research report on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $13.00 price objective on shares of Bed Bath & Beyond in a research report on Tuesday, October 21st. Wall Street Zen upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Barclays set a $8.00 target price on Bed Bath & Beyond and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.20.

Bed Bath & Beyond Profile

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.