Barnes & Noble Education, Inc (BNED) Shares Sold by Capstone Asset Management Co.

Capstone Asset Management Co. decreased its stake in Barnes & Noble Education, Inc (NYSE:BNED) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 31,337 shares of the specialty retailer’s stock after selling 340 shares during the period. Capstone Asset Management Co.’s holdings in Barnes & Noble Education were worth $333,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in Barnes & Noble Education by 38.5% in the first quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 3,675 shares in the last quarter. Bank of America Corp DE raised its position in Barnes & Noble Education by 121.3% in the first quarter. Bank of America Corp DE now owns 65,691 shares of the specialty retailer’s stock valued at $630,000 after buying an additional 36,010 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Barnes & Noble Education by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 393,529 shares of the specialty retailer’s stock valued at $3,774,000 after buying an additional 30,956 shares in the last quarter. Lucus Advisors LLC purchased a new position in Barnes & Noble Education during the first quarter valued at approximately $116,000. Finally, Citadel Advisors LLC raised its position in Barnes & Noble Education by 153.3% in the first quarter. Citadel Advisors LLC now owns 28,114 shares of the specialty retailer’s stock valued at $270,000 after buying an additional 17,014 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Barnes & Noble Education, Inc (NYSE:BNED) traded up 2.09% on Friday, reaching $6.85. The company had a trading volume of 210,627 shares. Barnes & Noble Education, Inc has a 52-week low of $6.46 and a 52-week high of $13.15. The firm has a market capitalization of $318.63 million, a price-to-earnings ratio of 62.27 and a beta of 0.88. The stock’s 50-day moving average price is $8.61 and its 200 day moving average price is $9.57.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The business had revenue of $342.80 million for the quarter, compared to analysts’ expectations of $310.58 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post $0.30 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the company. Zacks Investment Research lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. BWS Financial lowered Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.

Barnes & Noble Education Company 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.

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

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