Two Sigma Advisers LP Sells 36,300 Shares of Barnes & Noble Education Inc (BNED)

Two Sigma Advisers LP cut its holdings in shares of Barnes & Noble Education Inc (NYSE:BNED) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,495 shares of the specialty retailer’s stock after selling 36,300 shares during the period. Two Sigma Advisers LP owned 0.42% of Barnes & Noble Education worth $800,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Prescott Group Capital Management L.L.C. purchased a new stake in Barnes & Noble Education in the fourth quarter valued at $40,000. Oregon Public Employees Retirement Fund purchased a new stake in Barnes & Noble Education in the fourth quarter valued at $56,000. SG Americas Securities LLC boosted its holdings in Barnes & Noble Education by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 4,190 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Barnes & Noble Education by 409.4% in the third 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. Finally, Virtu Financial LLC acquired a new position in shares of Barnes & Noble Education in the fourth quarter worth about $76,000. 76.33% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Sidoti downgraded shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 27th. ValuEngine downgraded shares of 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 shares of Barnes & Noble Education in a research report on Monday, April 8th. They set a “buy” rating and a $7.00 price target for the company. Finally, TheStreet upgraded shares of Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th.

Shares of BNED remained flat at $$4.09 during mid-day trading on Thursday. 406,200 shares of the company traded hands, compared to its average volume of 557,403. Barnes & Noble Education Inc has a 52-week low of $3.58 and a 52-week high of $8.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.47 and a current ratio of 1.32. The firm has a market cap of $184.98 million, a P/E ratio of 4.91 and a beta of 1.70.

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

In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 894,440 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $7.16, for a total value of $6,404,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.46% of the stock is currently owned by corporate insiders.

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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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