Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) by 39.2% in the first quarter, Holdings Channel reports. The firm owned 112,975 shares of the specialty retailer's stock after selling 72,733 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Barnes & Noble Education were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Syntax Advisors LLC bought a new stake in shares of Barnes & Noble Education in the first quarter valued at approximately $42,000. ProShare Advisors LLC bought a new stake in shares of Barnes & Noble Education in the fourth quarter valued at approximately $75,000. Titleist Asset Management LTD. bought a new stake in shares of Barnes & Noble Education in the first quarter valued at approximately $90,000. OLD Mission Capital LLC acquired a new position in shares of Barnes & Noble Education in the fourth quarter valued at $94,000. Finally, American Century Companies Inc. raised its stake in shares of Barnes & Noble Education by 41.2% in the fourth quarter. American Century Companies Inc. now owns 15,346 shares of the specialty retailer's stock valued at $105,000 after purchasing an additional 4,481 shares in the last quarter. Institutional investors own 60.93% of the company's stock.
Get Barnes & Noble Education alerts:Wall Street Analyst Weigh In
A number of brokerages recently commented on BNED. StockNews.com upgraded Barnes & Noble Education from a "sell" rating to a "hold" rating in a research note on Wednesday, July 20th. Craig Hallum dropped their price objective on Barnes & Noble Education to $5.00 in a research note on Monday, July 4th. Finally, Needham & Company LLC dropped their price objective on Barnes & Noble Education to $4.00 in a research note on Monday, July 4th.
Barnes & Noble Education Price Performance
Shares of BNED opened at $2.72 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. Barnes & Noble Education, Inc. has a 1 year low of $1.90 and a 1 year high of $12.01. The stock has a market cap of $142.39 million, a P/E ratio of -1.99 and a beta of 1.93. The stock's 50-day moving average price is $2.75 and its two-hundred day moving average price is $3.25.Barnes & Noble Education (NYSE:BNED – Get Rating) last released its quarterly earnings data on Wednesday, June 29th. The specialty retailer reported ($0.22) earnings per share for the quarter. Barnes & Noble Education had a negative net margin of 4.54% and a negative return on equity of 22.04%. The business had revenue of $260.83 million for the quarter.
Barnes & Noble Education Company Profile
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Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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