10,579 Shares in Barnes & Noble Education Inc (BNED) Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan acquired a new position in Barnes & Noble Education Inc (NYSE:BNED) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,579 shares of the specialty retailer’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in Barnes & Noble Education by 3.0% during the 4th quarter. BlackRock Inc. now owns 5,514,533 shares of the specialty retailer’s stock valued at $22,115,000 after purchasing an additional 159,127 shares during the period. Vanguard Group Inc increased its position in Barnes & Noble Education by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 2,194,050 shares of the specialty retailer’s stock valued at $12,638,000 after purchasing an additional 93,754 shares during the period. Vanguard Group Inc. increased its position in Barnes & Noble Education by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,194,050 shares of the specialty retailer’s stock valued at $12,638,000 after purchasing an additional 93,754 shares during the period. Bank of New York Mellon Corp increased its position in Barnes & Noble Education by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 438,651 shares of the specialty retailer’s stock valued at $2,526,000 after purchasing an additional 9,302 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Barnes & Noble Education by 1.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 421,028 shares of the specialty retailer’s stock valued at $1,688,000 after purchasing an additional 5,795 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

A number of research analysts have issued reports on BNED shares. Sidoti downgraded shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 27th. TheStreet raised shares of Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th. ValuEngine raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Needham & Company LLC started coverage on shares of Barnes & Noble Education in a research report on Monday, April 8th. They set a “buy” rating and a $7.00 price objective on the stock.

Shares of Barnes & Noble Education stock opened at $4.39 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.14. The firm has a market cap of $200.01 million, a price-to-earnings ratio of 5.05 and a beta of 1.71. Barnes & Noble Education Inc has a 12-month low of $3.58 and a 12-month high of $8.32.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, March 5th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The company had revenue of $550.30 million for the quarter, compared to analysts’ expectations of $591.13 million. Barnes & Noble Education had a net margin of 1.89% and a return on equity of 8.85%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($6.04) earnings per share.

In other news, major shareholder Abrams Capital Management, L.P sold 445,340 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $7.48, for a total value of $3,331,143.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.46% of the stock is owned by corporate insiders.

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About Barnes & Noble Education

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

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