Prescott Group Capital Management L.L.C. Raises Position in Barnes & Noble Education, Inc $BNED

Prescott Group Capital Management L.L.C. raised its stake in Barnes & Noble Education, Inc (NYSE:BNEDFree Report) by 186.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 881,799 shares of the specialty retailer’s stock after purchasing an additional 573,992 shares during the quarter. Barnes & Noble Education accounts for about 0.8% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 25th biggest position. Prescott Group Capital Management L.L.C.’s holdings in Barnes & Noble Education were worth $8,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kanen Wealth Management LLC raised its stake in shares of Barnes & Noble Education by 30.6% in the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock worth $32,445,000 after purchasing an additional 724,683 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Barnes & Noble Education by 35.1% in the second quarter. Invesco Ltd. now owns 46,250 shares of the specialty retailer’s stock valued at $544,000 after acquiring an additional 12,022 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Barnes & Noble Education by 7.0% in the third quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer’s stock valued at $10,225,000 after acquiring an additional 67,365 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Barnes & Noble Education by 323.8% in the second quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock valued at $6,079,000 after acquiring an additional 394,630 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Barnes & Noble Education by 123.2% in the second quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer’s stock valued at $4,734,000 after acquiring an additional 221,936 shares in the last quarter. 38.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on BNED

Barnes & Noble Education Stock Performance

BNED stock opened at $9.02 on Thursday. The firm has a market cap of $309.39 million, a PE ratio of -28.19 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $9.61 and a 200-day moving average of $8.94. Barnes & Noble Education, Inc has a 12-month low of $5.90 and a 12-month high of $12.21.

About Barnes & Noble Education

(Free Report)

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.

See Also

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

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