Clear Harbor Asset Management LLC increased its stake in Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,816 shares of the specialty retailer's stock after purchasing an additional 8,816 shares during the period. Clear Harbor Asset Management LLC owned 0.10% of Barnes & Noble Education worth $146,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. 626 Financial LLC raised its position in Barnes & Noble Education by 19.6% in the 2nd quarter. 626 Financial LLC now owns 24,398 shares of the specialty retailer's stock worth $71,000 after purchasing an additional 4,000 shares during the last quarter. Walleye Capital LLC raised its position in Barnes & Noble Education by 267.6% in the 1st quarter. Walleye Capital LLC now owns 58,608 shares of the specialty retailer's stock worth $210,000 after purchasing an additional 42,666 shares during the last quarter. Walleye Trading LLC raised its position in Barnes & Noble Education by 83.6% in the 1st quarter. Walleye Trading LLC now owns 18,737 shares of the specialty retailer's stock worth $67,000 after purchasing an additional 8,530 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in Barnes & Noble Education in the 1st quarter worth approximately $513,000. Finally, Greenhaven Road Investment Management L.P. raised its position in Barnes & Noble Education by 13.2% in the 1st quarter. Greenhaven Road Investment Management L.P. now owns 2,360,813 shares of the specialty retailer's stock worth $8,452,000 after purchasing an additional 275,045 shares during the last quarter. Institutional investors own 60.93% of the company's stock.
Get Barnes & Noble Education alerts:Wall Street Analysts Forecast Growth
BNED has been the subject of several recent research reports. StockNews.com upgraded shares of Barnes & Noble Education from a "sell" rating to a "hold" rating in a research report on Wednesday, July 20th. Needham & Company LLC dropped their target price on shares of Barnes & Noble Education to $4.00 in a research report on Monday, July 4th. Finally, Craig Hallum dropped their target price on shares of Barnes & Noble Education to $5.00 in a research report on Monday, July 4th.
Barnes & Noble Education Price Performance
Shares of BNED stock opened at $2.40 on Friday. Barnes & Noble Education, Inc. has a 12-month low of $1.90 and a 12-month high of $12.01. The firm has a market capitalization of $125.64 million, a price-to-earnings ratio of -1.58 and a beta of 1.91. The company has a quick ratio of 0.32, a current ratio of 1.09 and a debt-to-equity ratio of 1.25. The firm has a fifty day moving average of $2.63 and a 200-day moving average of $2.89.Barnes & Noble Education (NYSE:BNED – Get Rating) last announced its quarterly earnings results on Wednesday, June 29th. The specialty retailer reported ($0.22) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 5.01% and a negative return on equity of 28.56%. The firm had revenue of $260.83 million during the quarter.
Barnes & Noble Education 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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