Dimensional Fund Advisors LP Cuts Holdings in Barnes & Noble Education Inc (BNED)

Dimensional Fund Advisors LP decreased its holdings in shares of Barnes & Noble Education Inc (NYSE:BNED) by 1.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,864,268 shares of the specialty retailer’s stock after selling 49,278 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Barnes & Noble Education worth $22,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Barnes & Noble Education by 8.7% during the 2nd quarter. BlackRock Inc. now owns 5,323,286 shares of the specialty retailer’s stock valued at $30,023,000 after purchasing an additional 424,291 shares during the period. Raymond James & Associates increased its position in Barnes & Noble Education by 18.6% during the 2nd quarter. Raymond James & Associates now owns 75,875 shares of the specialty retailer’s stock valued at $428,000 after purchasing an additional 11,883 shares during the period. OppenheimerFunds Inc. increased its position in Barnes & Noble Education by 9.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 206,316 shares of the specialty retailer’s stock valued at $1,164,000 after purchasing an additional 18,252 shares during the period. American Century Companies Inc. increased its position in Barnes & Noble Education by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 755,385 shares of the specialty retailer’s stock valued at $4,351,000 after purchasing an additional 272,306 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Barnes & Noble Education by 21.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,070,673 shares of the specialty retailer’s stock valued at $6,039,000 after purchasing an additional 186,625 shares during the period. 72.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Barnes & Noble Education stock opened at $5.11 on Friday. Barnes & Noble Education Inc has a 52-week low of $3.58 and a 52-week high of $8.32.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, December 4th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. Barnes & Noble Education had a negative net margin of 11.60% and a negative return on equity of 53.16%. The firm had revenue of $814.80 million for the quarter, compared to the consensus estimate of $842.45 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year.

Separately, ValuEngine downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th.

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Barnes & Noble Education 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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