Barnes & Noble Education Inc (BNED) Shares Bought by American Century Companies Inc.

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American Century Companies Inc. boosted its holdings in Barnes & Noble Education Inc (NYSE:BNED) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 800,799 shares of the specialty retailer’s stock after acquiring an additional 45,414 shares during the quarter. American Century Companies Inc.’s holdings in Barnes & Noble Education were worth $3,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BNED. Pacer Advisors Inc. increased its position in shares of Barnes & Noble Education by 409.4% during the 3rd quarter. Pacer Advisors Inc. now owns 18,756 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 15,074 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Barnes & Noble Education by 23.2% during the 3rd quarter. Teachers Advisors LLC now owns 188,725 shares of the specialty retailer’s stock valued at $1,087,000 after purchasing an additional 35,570 shares during the last quarter. Vanguard Group Inc increased its position in shares of Barnes & Noble Education by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 2,194,050 shares of the specialty retailer’s stock valued at $12,638,000 after purchasing an additional 93,754 shares during the last quarter. IndexIQ Advisors LLC increased its position in shares of Barnes & Noble Education by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 329,934 shares of the specialty retailer’s stock valued at $1,900,000 after purchasing an additional 12,462 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its position in shares of Barnes & Noble Education by 8.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 280,927 shares of the specialty retailer’s stock valued at $1,127,000 after purchasing an additional 21,000 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Several equities analysts have recently commented on the company. Sidoti lowered Barnes & Noble Education from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 27th. ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Needham & Company LLC assumed coverage on Barnes & Noble Education in a research report on Monday, April 8th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, TheStreet upgraded Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th.

In related news, major shareholder Abrams Capital Management, L.P sold 894,440 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $7.16, for a total transaction of $6,404,190.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.46% of the company’s stock.

Shares of BNED stock opened at $4.48 on Tuesday. The stock has a market cap of $205.93 million, a P/E ratio of 5.37 and a beta of 1.71. Barnes & Noble Education Inc has a 1-year low of $3.58 and a 1-year high of $8.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 0.47.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Tuesday, March 5th. The specialty retailer reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $550.30 million for the quarter, compared to analysts’ expectations of $591.13 million. Barnes & Noble Education had a net margin of 1.89% and a return on equity of 8.85%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($6.04) earnings per share.

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Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

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

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