Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Barnes & Noble Education Inc (NYSE:BNED) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 421,028 shares of the specialty retailer’s stock after buying an additional 5,795 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.89% of Barnes & Noble Education worth $1,688,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Barnes & Noble Education during the fourth quarter worth $40,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Barnes & Noble Education during the fourth quarter worth $56,000. SG Americas Securities LLC lifted its holdings in shares of Barnes & Noble Education by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock worth $72,000 after buying an additional 4,190 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Barnes & Noble Education during the fourth quarter worth $76,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Barnes & Noble Education by 409.4% during the third quarter. Pacer Advisors Inc. now owns 18,756 shares of the specialty retailer’s stock worth $108,000 after buying an additional 15,074 shares in the last quarter. 72.74% of the stock is owned by institutional investors.
BNED opened at $4.58 on Friday. Barnes & Noble Education Inc has a fifty-two week low of $3.58 and a fifty-two week high of $8.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 0.47. The firm has a market cap of $214.13 million, a PE ratio of 5.05 and a beta of 1.78.
Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Tuesday, March 5th. The specialty retailer reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Barnes & Noble Education had a return on equity of 8.85% and a net margin of 1.89%. The company had revenue of $550.30 million during the quarter, compared to the consensus estimate of $591.13 million. During the same quarter in the previous year, the business posted ($6.04) EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis.
In related news, major shareholder Abrams Capital Management, L.P sold 894,440 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $7.16, for a total value of $6,404,190.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.46% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on BNED. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Sidoti raised Barnes & Noble Education from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, TheStreet raised Barnes & Noble Education from a “d” rating to a “c-” rating in a report on Wednesday, March 6th.
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Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.
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