Fund 1 Investments LLC Makes New Investment in Bed Bath & Beyond, Inc. $BBBY

by · The Cerbat Gem

Fund 1 Investments LLC purchased a new position in shares of Bed Bath & Beyond, Inc. (NYSE:BBBY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 172,119 shares of the company’s stock, valued at approximately $1,184,000. Fund 1 Investments LLC owned about 0.30% of Bed Bath & Beyond as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in Bed Bath & Beyond by 85.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,629 shares of the company’s stock worth $25,000 after purchasing an additional 1,669 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Bed Bath & Beyond by 104.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,531 shares of the company’s stock worth $32,000 after buying an additional 2,823 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Bed Bath & Beyond by 25.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,617 shares of the company’s stock worth $39,000 after buying an additional 1,133 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Bed Bath & Beyond during the first quarter worth $67,000. Finally, Haven Private LLC grew its holdings in shares of Bed Bath & Beyond by 10.8% during the second quarter. Haven Private LLC now owns 13,620 shares of the company’s stock valued at $94,000 after buying an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Bed Bath & Beyond Price Performance

NYSE BBBY opened at $6.34 on Friday. The company has a fifty day moving average of $7.34 and a 200 day moving average of $8.07. The company has a market capitalization of $436.16 million, a PE ratio of -2.25 and a beta of 2.77. Bed Bath & Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $12.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BBBY shares. Wedbush restated an “outperform” rating and issued a $13.00 target price on shares of Bed Bath & Beyond in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bed Bath & Beyond in a research note on Wednesday, October 8th. Finally, Barclays set a $8.00 price objective on Bed Bath & Beyond and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Bed Bath & Beyond currently has an average rating of “Hold” and a consensus target price of $10.20.

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Bed Bath & Beyond 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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