Rhumbline Advisers raised its stake in shares of Barnes & Noble Education Inc (NYSE:BNED) by 13.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 89,853 shares of the specialty retailer’s stock after buying an additional 10,521 shares during the period. Rhumbline Advisers’ holdings in Barnes & Noble Education were worth $740,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 683 Capital Management LLC purchased a new position in shares of Barnes & Noble Education in the 3rd quarter valued at about $3,398,000. Citadel Advisors LLC increased its stake in shares of Barnes & Noble Education by 798.5% in the 3rd quarter. Citadel Advisors LLC now owns 456,629 shares of the specialty retailer’s stock valued at $2,973,000 after purchasing an additional 405,810 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Barnes & Noble Education by 24.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 666,052 shares of the specialty retailer’s stock valued at $4,336,000 after purchasing an additional 131,962 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Barnes & Noble Education in the 4th quarter valued at about $841,000. Finally, Algert Global LLC purchased a new position in shares of Barnes & Noble Education in the 4th quarter valued at about $494,000. Institutional investors and hedge funds own 69.23% of the company’s stock.
In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 354,451 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $8.45, for a total transaction of $2,995,110.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.46% of the stock is currently owned by insiders.
Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, March 1st. The specialty retailer reported ($6.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($6.11). Barnes & Noble Education had a negative return on equity of 41.88% and a negative net margin of 12.31%. The firm had revenue of $603.39 million for the quarter, compared to analysts’ expectations of $595.83 million. During the same quarter last year, the firm posted $0.08 earnings per share. Barnes & Noble Education’s quarterly revenue was up 15.7% on a year-over-year basis.
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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.
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