522,000 Shares in Barnes & Noble Education Inc (NYSE:BNED) Acquired by 683 Capital Management LLC

683 Capital Management LLC acquired a new stake in shares of Barnes & Noble Education Inc (NYSE:BNED) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 522,000 shares of the specialty retailer’s stock, valued at approximately $3,398,000. 683 Capital Management LLC owned about 1.11% of Barnes & Noble Education at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in shares of 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 period. Cubist Systematic Strategies LLC bought a new position in shares of Barnes & Noble Education in the third quarter worth about $126,000. Aperio Group LLC raised its stake in shares of Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock worth $128,000 after buying an additional 154 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Barnes & Noble Education by 57.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock worth $129,000 after buying an additional 4,443 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Barnes & Noble Education in the second quarter worth about $146,000. 67.07% of the stock is currently owned by institutional investors.

In related news, major shareholder Abrams Capital Management, L.P sold 721,236 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $8.23, for a total transaction of $5,935,772.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 2,129,665 shares of company stock valued at $17,180,604. 3.46% of the stock is owned by company insiders.

BNED has been the topic of several recent research reports. BidaskClub raised Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Finally, BWS Financial reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Barnes & Noble Education in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Barnes & Noble Education currently has a consensus rating of “Hold” and an average price target of $10.92.

Barnes & Noble Education Inc (NYSE:BNED) traded down $0.11 during trading hours on Friday, reaching $8.24. The company’s stock had a trading volume of 363,799 shares, compared to its average volume of 721,935. The company has a current ratio of 1.21, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06. Barnes & Noble Education Inc has a 1-year low of $4.99 and a 1-year high of $12.25. The company has a market cap of $391.73 and a P/E ratio of 22.27.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Tuesday, December 5th. The specialty retailer reported $1.03 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $868.17 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. equities research analysts expect that Barnes & Noble Education Inc will post 0.5 EPS for the current fiscal year.

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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.

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

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