The Manufacturers Life Insurance Company Sells 1,304 Shares of Barnes & Noble Education Inc (BNED)

The Manufacturers Life Insurance Company lowered its stake in shares of Barnes & Noble Education Inc (NYSE:BNED) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,928 shares of the specialty retailer’s stock after selling 1,304 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Barnes & Noble Education worth $329,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BNED. Aperio Group LLC increased its stake in Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 154 shares during the last quarter. Texas Permanent School Fund increased its stake in Barnes & Noble Education by 0.8% in the second quarter. Texas Permanent School Fund now owns 28,147 shares of the specialty retailer’s stock valued at $299,000 after acquiring an additional 235 shares during the last quarter. Citigroup Inc. increased its stake in Barnes & Noble Education by 1.3% in the second quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock valued at $469,000 after acquiring an additional 560 shares during the last quarter. GSA Capital Partners LLP increased its stake in Barnes & Noble Education by 1.5% in the second quarter. GSA Capital Partners LLP now owns 59,282 shares of the specialty retailer’s stock valued at $630,000 after acquiring an additional 882 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 1,980 shares during the last quarter. Institutional investors own 67.83% of the company’s stock.

Barnes & Noble Education Inc (NYSE:BNED) opened at $6.09 on Friday. Barnes & Noble Education Inc has a 12 month low of $4.99 and a 12 month high of $13.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 1.32.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The company had revenue of $355.70 million for the quarter, compared to the consensus estimate of $406.22 million. During the same period last year, the business posted ($0.60) earnings per share. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. analysts predict that Barnes & Noble Education Inc will post 0.5 earnings per share for the current year.

BNED has been the topic of a number of research analyst reports. TheStreet cut Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective (down from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. BWS Financial reaffirmed a “buy” rating and set a $14.00 price objective on shares of Barnes & Noble Education in a research note on Friday, September 1st. Finally, BidaskClub cut Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. One 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. The company currently has an average rating of “Hold” and an average target price of $10.92.

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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.

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

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