JPMorgan Chase & Co. Buys 246,825 Shares of Barnes & Noble Education, Inc (NYSE:BNED)

JPMorgan Chase & Co. increased its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 39,054.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,457 shares of the specialty retailer’s stock after buying an additional 246,825 shares during the period. JPMorgan Chase & Co. owned about 0.53% of Barnes & Noble Education worth $2,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Barnes & Noble Education during the fourth quarter valued at $1,992,000. Guggenheim Capital LLC increased its stake in shares of Barnes & Noble Education by 60.2% in the fourth quarter. Guggenheim Capital LLC now owns 384,438 shares of the specialty retailer’s stock valued at $4,409,000 after buying an additional 144,528 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Barnes & Noble Education by 519.2% in the fourth quarter. Two Sigma Investments LP now owns 159,115 shares of the specialty retailer’s stock valued at $1,825,000 after buying an additional 133,420 shares in the last quarter. State Street Corp increased its stake in shares of Barnes & Noble Education by 11.9% in the fourth quarter. State Street Corp now owns 906,656 shares of the specialty retailer’s stock valued at $10,403,000 after buying an additional 96,430 shares in the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Barnes & Noble Education during the first quarter valued at $537,000. Institutional investors own 68.85% of the company’s stock.

Barnes & Noble Education, Inc (NYSE:BNED) traded up 0.99% during midday trading on Tuesday, hitting $7.11. The company had a trading volume of 357,203 shares. Barnes & Noble Education, Inc has a 12 month low of $6.90 and a 12 month high of $13.15. The firm has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.69. The company has a market cap of $330.73 million, a price-to-earnings ratio of 64.64 and a beta of 0.88.

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

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BNED has been the subject of several recent analyst reports. Zacks Investment Research raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a report on Thursday, July 13th.

About Barnes & Noble Education

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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