BlackRock Inc. cut its stake in shares of Build-A-Bear Workshop, Inc (NYSE:BBW) by 69.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,989 shares of the specialty retailer’s stock after selling 598,587 shares during the period. BlackRock Inc. owned about 1.76% of Build-A-Bear Workshop worth $2,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Engineers Gate Manager LP bought a new stake in Build-A-Bear Workshop in the second quarter worth approximately $110,000. LSV Asset Management bought a new stake in Build-A-Bear Workshop in the second quarter worth approximately $131,000. Acadian Asset Management LLC grew its position in Build-A-Bear Workshop by 677.0% in the second quarter. Acadian Asset Management LLC now owns 25,617 shares of the specialty retailer’s stock worth $195,000 after acquiring an additional 22,320 shares in the last quarter. Spark Investment Management LLC grew its position in Build-A-Bear Workshop by 35.8% in the second quarter. Spark Investment Management LLC now owns 31,500 shares of the specialty retailer’s stock worth $239,000 after acquiring an additional 8,300 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in Build-A-Bear Workshop in the second quarter worth approximately $305,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

BBW stock opened at $8.23 on Wednesday. The company has a market capitalization of $125.91 million, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.99 and a beta of -0.46. Build-A-Bear Workshop, Inc has a 12 month low of $7.35 and a 12 month high of $10.45.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, August 30th. The specialty retailer reported ($0.12) EPS for the quarter. Build-A-Bear Workshop had a return on equity of 5.90% and a net margin of 1.47%. The business had revenue of $83.18 million during the quarter, compared to the consensus estimate of $72.40 million. On average, sell-side analysts predict that Build-A-Bear Workshop, Inc will post 0.47 EPS for the current fiscal year.

In other news, CAO Eric R. Fencl sold 19,596 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $9.21, for a total value of $180,479.16. Following the completion of the sale, the chief accounting officer now directly owns 172,858 shares in the company, valued at $1,592,022.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is currently owned by insiders.

BBW has been the subject of several recent research reports. ValuEngine raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised shares of Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 31st.

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Build-A-Bear Workshop 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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