Connor Clark & Lunn Investment Management Ltd. Sells 126,917 Shares of Beyond, Inc. (NYSE:BYON)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Beyond, Inc. (NYSE:BYON) by 34.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,695 shares of the company’s stock after selling 126,917 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.53% of Beyond worth $2,456,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Tidal Investments LLC purchased a new stake in shares of Beyond during the 1st quarter valued at $33,599,000. Dimensional Fund Advisors LP purchased a new stake in Beyond during the second quarter worth about $9,538,000. Refined Wealth Management bought a new stake in Beyond in the second quarter worth about $4,201,000. Royce & Associates LP boosted its stake in Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after acquiring an additional 309,810 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Beyond during the 2nd quarter valued at approximately $3,800,000. 76.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Beyond news, Chairman Marcus Lemonis bought 156,985 shares of Beyond stock in a transaction that occurred on Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This represents a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Beyond Trading Down 0.3 %

Shares of BYON opened at $5.73 on Monday. The business’s 50-day moving average price is $8.49 and its 200-day moving average price is $11.45. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a twelve month low of $5.57 and a twelve month high of $37.10. The stock has a market cap of $263.87 million, a PE ratio of -0.78 and a beta of 3.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Maxim Group lowered their target price on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a research note on Wednesday, October 23rd. Piper Sandler lowered their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Beyond presently has a consensus rating of “Hold” and an average target price of $16.50.

About Beyond

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.