HighTower Advisors LLC Buys 12,610 Shares of Beyond, Inc. (NYSE:BYON)

HighTower Advisors LLC increased its stake in Beyond, Inc. (NYSE:BYON) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,628 shares of the company’s stock after acquiring an additional 12,610 shares during the period. HighTower Advisors LLC owned about 0.20% of Beyond worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Beyond by 0.9% during the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company’s stock valued at $10,247,000 after buying an additional 8,580 shares during the period. Refined Wealth Management increased its stake in shares of Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after acquiring an additional 100,335 shares in the last quarter. SRN Advisors LLC lifted its stake in Beyond by 164.5% in the fourth quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock worth $1,578,000 after acquiring an additional 199,000 shares during the period. Finally, Second Line Capital LLC boosted its holdings in Beyond by 25.0% in the third quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock valued at $1,523,000 after acquiring an additional 30,196 shares in the last quarter. Institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of NYSE BYON opened at $5.32 on Monday. The company has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $7.16. Beyond, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $36.07. The company has a market capitalization of $292.74 million, a price-to-earnings ratio of -0.72 and a beta of 3.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

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

Insider Activity at Beyond

In related news, Chairman Marcus Lemonis bought 19,193 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BYON has been the subject of several research reports. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Barclays decreased their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Jefferies Financial Group lowered their price objective on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday, March 10th. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Wednesday, March 19th. Finally, Needham & Company LLC cut 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Beyond presently has an average rating of “Hold” and an average price target of $9.64.

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.