Barnes & Noble Education Inc (BNED) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in Barnes & Noble Education Inc (NYSE:BNED) by 35.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,761 shares of the specialty retailer’s stock after selling 15,000 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Barnes & Noble Education worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BNED. Citigroup Inc. increased its holdings in Barnes & Noble Education by 1.3% in the second quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock worth $469,000 after buying an additional 560 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Barnes & Noble Education by 4.6% in the second quarter. Public Employees Retirement System of Ohio now owns 13,817 shares of the specialty retailer’s stock worth $147,000 after buying an additional 602 shares during the last quarter. GSA Capital Partners LLP increased its holdings 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 worth $630,000 after buying an additional 882 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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 worth $120,000 after buying an additional 1,980 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Barnes & Noble Education by 18.7% in the second quarter. Voya Investment Management LLC now owns 20,678 shares of the specialty retailer’s stock worth $220,000 after buying an additional 3,257 shares during the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 1,039,022 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $7.82, for a total transaction of $8,125,152.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 2,484,116 shares of company stock worth $20,175,715. Corporate insiders own 3.46% of the company’s stock.

Barnes & Noble Education Inc (NYSE BNED) opened at $7.76 on Monday. Barnes & Noble Education Inc has a twelve month low of $4.99 and a twelve month high of $11.96. The company has a current ratio of 1.21, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $364.05, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Tuesday, December 5th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.91 by $0.12. Barnes & Noble Education had a return on equity of 2.52% and a net margin of 0.84%. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $868.17 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts forecast that Barnes & Noble Education Inc will post 0.5 EPS for the current year.

BNED has been the topic of a number of research reports. Zacks Investment Research downgraded Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 31st. BidaskClub downgraded Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a report on Thursday, October 12th. Finally, ValuEngine upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Barnes & Noble Education has an average rating of “Hold” and an average target price of $10.92.

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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.

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

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