North Star Investment Management Corp. Sells 313,825 Shares of Build-A-Bear Workshop, Inc (BBW)

North Star Investment Management Corp. reduced its stake in shares of Build-A-Bear Workshop, Inc (NYSE:BBW) by 91.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,140 shares of the specialty retailer’s stock after selling 313,825 shares during the quarter. North Star Investment Management Corp. owned approximately 0.20% of Build-A-Bear Workshop worth $184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cannell Capital LLC raised its holdings in shares of Build-A-Bear Workshop by 10.4% in the fourth quarter. Cannell Capital LLC now owns 856,453 shares of the specialty retailer’s stock valued at $3,383,000 after acquiring an additional 80,481 shares in the last quarter. Pacifica Capital Investments LLC raised its holdings in Build-A-Bear Workshop by 20.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 834,530 shares of the specialty retailer’s stock worth $3,296,000 after purchasing an additional 144,497 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Build-A-Bear Workshop by 23.7% in the third quarter. Renaissance Technologies LLC now owns 736,800 shares of the specialty retailer’s stock worth $6,668,000 after purchasing an additional 141,000 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Build-A-Bear Workshop by 100.5% in the fourth quarter. New York State Common Retirement Fund now owns 348,306 shares of the specialty retailer’s stock worth $1,376,000 after purchasing an additional 174,600 shares in the last quarter. Finally, B. Riley Financial Inc. bought a new position in Build-A-Bear Workshop in the fourth quarter worth about $1,185,000. 76.49% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Point72 Asset Management, L.P. sold 2,050,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $5.11, for a total transaction of $10,475,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.40% of the company’s stock.

Build-A-Bear Workshop stock traded up $0.05 during trading hours on Friday, reaching $5.52. The stock had a trading volume of 111,213 shares, compared to its average volume of 114,542. The company has a market capitalization of $83.59 million, a PE ratio of -13.80 and a beta of 0.56. Build-A-Bear Workshop, Inc has a 52 week low of $3.75 and a 52 week high of $9.55.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.40). Build-A-Bear Workshop had a negative net margin of 5.33% and a negative return on equity of 7.90%. The company had revenue of $101.53 million for the quarter, compared to analyst estimates of $99.90 million. During the same quarter last year, the company earned $0.09 EPS.

A number of brokerages have commented on BBW. ValuEngine upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating and set a $6.25 target price for the company in a report on Monday, March 18th.

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Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

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Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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