Numeric Investors LLC Has $169,000 Stake in Barnes & Noble Education Inc (BNED)

Numeric Investors LLC decreased its position in shares of Barnes & Noble Education Inc (NYSE:BNED) by 76.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,700 shares of the specialty retailer’s stock after selling 47,467 shares during the period. Numeric Investors LLC’s holdings in Barnes & Noble Education were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in Barnes & Noble Education by 2,977.9% in the third quarter. Bank of Montreal Can now owns 11,142 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 10,780 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Barnes & Noble Education during the third quarter valued at about $107,000. Zacks Investment Management acquired a new stake in Barnes & Noble Education during the third quarter valued at about $124,000. Thrivent Financial for Lutherans boosted its stake in Barnes & Noble Education by 7.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,097 shares of the specialty retailer’s stock valued at $242,000 after buying an additional 1,410 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Barnes & Noble Education by 72.9% in the third quarter. Wells Fargo & Company MN now owns 26,292 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 11,082 shares during the last quarter. 65.34% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Barnes & Noble Education Inc (NYSE:BNED) traded down 1.15% during mid-day trading on Friday, reaching $10.30. 216,276 shares of the company’s stock traded hands. The firm has a market capitalization of $478.40 million, a price-to-earnings ratio of 206.00 and a beta of 1.21. The stock has a 50-day moving average price of $9.63 and a 200 day moving average price of $10.31. Barnes & Noble Education Inc has a 12-month low of $8.50 and a 12-month high of $13.15.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, February 28th. The specialty retailer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by $0.06. Barnes & Noble Education had a negative net margin of 0.28% and a positive return on equity of 1.70%. The business earned $521.60 million during the quarter, compared to analysts’ expectations of $538.86 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts anticipate that Barnes & Noble Education Inc will post $0.13 EPS for the current fiscal year.

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Several analysts recently issued reports on BNED shares. Zacks Investment Research cut Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Monday, March 6th. BWS Financial reissued a “strong-buy” rating and issued a $14.00 target price on shares of Barnes & Noble Education in a research note on Wednesday, April 5th.

In related news, VP Lisa Malat sold 9,000 shares of the company’s stock in a transaction on Friday, April 7th. The shares were sold at an average price of $9.83, for a total value of $88,470.00. Following the completion of the sale, the vice president now owns 62,667 shares in the company, valued at approximately $616,016.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Srijayanth D. Chakrapani sold 6,500 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $9.78, for a total transaction of $63,570.00. Following the completion of the sale, the insider now owns 67,160 shares of the company’s stock, valued at approximately $656,824.80. The disclosure for this sale can be found here. 2.37% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:BNED

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