Anchorage Capital Group LLC Has Decreased Bed Bath & Beyond INC (Put) (BBBY) Stake as Share Value Declined

Bed Bath & Beyond Inc. (NASDAQ:BBBY) LogoInvestors sentiment decreased to 0.94 in 2019 Q2. Its down 0.30, from 1.24 in 2019Q1. It dived, as 40 investors sold BBBY shares while 75 reduced holdings. 46 funds opened positions while 62 raised stakes. 152.51 million shares or 3.58% more from 147.25 million shares in 2019Q1 were reported. Moreover, Nuveen Asset Mngmt Ltd Liability Corporation has 0% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 804,322 shares. Gam Ag reported 0.13% stake. 1832 Asset Mngmt LP holds 59,600 shares or 0% of its portfolio. Fifth Third Bank & Trust owns 1,500 shares. Voya Management Ltd Liability Co has invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Parallax Volatility Advisers Limited Partnership has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). South Texas Money Ltd reported 10,038 shares. Thompson Inv Mgmt, a Wisconsin-based fund reported 265,556 shares. Ls Invest Lc, Michigan-based fund reported 7,071 shares. Mitsubishi Ufj Securities Limited stated it has 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Deutsche Bancshares Ag invested in 0.01% or 1.32M shares. Oregon Pub Employees Retirement Fund reported 0.01% stake. Principal Financial Gp invested 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Los Angeles Equity Rech stated it has 11,735 shares or 0% of all its holdings. Clear Harbor Asset Limited Liability Company holds 0.02% or 10,393 shares.

Anchorage Capital Group Llc decreased its stake in Bed Bath & Beyond Inc (Put) (BBBY) by 25% based on its latest 2019Q2 regulatory filing with the SEC. Anchorage Capital Group Llc sold 1.00M shares as the company’s stock declined 40.43% . The hedge fund held 3.00M shares of the home furnishings company at the end of 2019Q2, valued at $34.86 million, down from 4.00M at the end of the previous reported quarter. Anchorage Capital Group Llc who had been investing in Bed Bath & Beyond Inc (Put) for a number of months, seems to be less bullish one the $1.35B market cap company. The stock decreased 0.56% or $0.06 during the last trading session, reaching $10.58. About 3.67 million shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 49.95% since September 13, 2018 and is downtrending. It has underperformed by 49.95% the S&P500.

Analysts await Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report earnings on September, 25. They expect $0.29 earnings per share, down 19.44 % or $0.07 from last year’s $0.36 per share. BBBY’s profit will be $37.06M for 9.12 P/E if the $0.29 EPS becomes a reality. After $0.12 actual earnings per share reported by Bed Bath & Beyond Inc. for the previous quarter, Wall Street now forecasts 141.67 % EPS growth.

More notable recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Nasdaq.com which released: “Why GameStop, Bed Bath & Beyond, and Pure Storage Jumped Today – Nasdaq” on August 22, 2019, also Forbes.com with their article: “Is buybuy Baby Segment The Saving Grace For Bed Bath & Beyond’s Revenue Growth? – Forbes” published on August 27, 2019, Nasdaq.com published: “After Hours Most Active for Jul 10, 2019 : INSG, NIO, ESI, BBBY, T, MSFT, EQH, BAC, QQQ, AMD, CMCSA, GE – Nasdaq” on July 10, 2019. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) were released by: Nasdaq.com and their article: “Why Shares of Bed Bath & Beyond Popped 6.1% Wednesday and What Investors Should Think – Nasdaq” published on August 21, 2019 as well as Nasdaq.com‘s news article titled: “Bed Bath & Beyond (BBBY) Catches Investors’ Eye: Here’s Why – Nasdaq” with publication date: March 27, 2019.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Among 10 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Bed Bath & Beyond has $20 highest and $1100 lowest target. $16.10’s average target is 52.17% above currents $10.58 stock price. Bed Bath & Beyond had 21 analyst reports since March 20, 2019 according to SRatingsIntel. Wells Fargo maintained it with “Sell” rating and $13 target in Tuesday, March 26 report. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, March 26 report. The firm has “Hold” rating by Deutsche Bank given on Thursday, April 11. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Equal-Weight” rating by Morgan Stanley on Friday, July 12. The firm earned “Hold” rating on Tuesday, March 26 by Robert W. Baird. The firm has “Neutral” rating by Citigroup given on Monday, April 1. As per Friday, April 5, the company rating was upgraded by Morgan Stanley. Wedbush maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Thursday, April 11. Wedbush has “Neutral” rating and $19 target. The rating was maintained by Citigroup on Thursday, July 11 with “Neutral”. J.P. Morgan upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Tuesday, March 26. J.P. Morgan has “Hold” rating and $20 target.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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