Lee Danner & Bass Inc. Reduces Holdings in Beyond, Inc. (NYSE:BYON)

Lee Danner & Bass Inc. trimmed its stake in Beyond, Inc. (NYSE:BYON) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,670 shares of the company’s stock after selling 17,850 shares during the period. Lee Danner & Bass Inc. owned approximately 0.25% of Beyond worth $565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond during the 4th quarter worth $30,000. R Squared Ltd acquired a new stake in Beyond during the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock worth $32,000 after purchasing an additional 2,678 shares during the period. Hollencrest Capital Management boosted its stake in Beyond by 185.7% during 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. Finally, Marathon Trading Investment Management LLC acquired a new stake in Beyond during the 4th quarter worth $59,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

Beyond Stock Performance

NYSE:BYON opened at $5.12 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $6.95 and a two-hundred day moving average price of $7.37. Beyond, Inc. has a twelve month low of $4.45 and a twelve month high of $37.10. The company has a market capitalization of $271.84 million, a P/E ratio of -0.69 and a beta of 3.91.

Beyond (NYSE:BYON) last posted its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million for the quarter, compared to analysts’ expectations of $337.96 million. As a group, research analysts expect that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the acquisition, the chairman now directly owns 456,151 shares in the company, valued at $2,294,439.53. This represents a 4.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

BYON has been the subject of several recent analyst reports. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a research note on Wednesday, March 5th. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research note on Wednesday. Maxim Group reduced their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group reduced their target price on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.64.

Beyond Company 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.