Algert Global LLC Takes Position in Barnes & Noble Education Inc (BNED)

Algert Global LLC purchased a new stake in Barnes & Noble Education Inc (NYSE:BNED) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,970 shares of the specialty retailer’s stock, valued at approximately $494,000. Algert Global LLC owned approximately 0.13% of Barnes & Noble Education at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BNED. Citigroup Inc. grew its position in Barnes & Noble Education by 1.3% in the 2nd quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock valued at $469,000 after buying an additional 560 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Barnes & Noble Education by 4.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,817 shares of the specialty retailer’s stock valued at $147,000 after acquiring an additional 602 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Barnes & Noble Education by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 20,678 shares of the specialty retailer’s stock valued at $220,000 after acquiring an additional 3,257 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Barnes & Noble Education by 18.0% in the 2nd quarter. Alliancebernstein L.P. now owns 32,194 shares of the specialty retailer’s stock valued at $342,000 after acquiring an additional 4,900 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Barnes & Noble Education by 82.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,166 shares of the specialty retailer’s stock valued at $144,000 after acquiring an additional 10,014 shares during the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

BNED has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. BidaskClub raised shares of Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.92.

In other news, major shareholder Abrams Capital Management, L.P sold 1,039,022 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $7.82, for a total value of $8,125,152.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,484,116 shares of company stock valued at $20,175,715. 3.46% of the stock is currently owned by corporate insiders.

Barnes & Noble Education Inc (NYSE BNED) opened at $6.50 on Tuesday. Barnes & Noble Education Inc has a twelve month low of $4.99 and a twelve month high of $11.30. The company has a quick ratio of 0.41, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $308.70, a P/E ratio of 17.78 and a beta of 0.61.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, December 5th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.12. The business had revenue of $886.90 million for the quarter, compared to the consensus estimate of $868.17 million. Barnes & Noble Education had a net margin of 0.84% and a return on equity of 2.52%. Barnes & Noble Education’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share.

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Barnes & Noble Education Profile

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

Institutional Ownership by Quarter for Barnes & Noble Education (NYSE:BNED)

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