Barnes & Noble Education Inc (BNED) Holdings Increased by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its stake in shares of Barnes & Noble Education Inc (NYSE:BNED) by 173.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,500 shares of the specialty retailer’s stock after buying an additional 13,000 shares during the period. Macquarie Group Ltd.’s holdings in Barnes & Noble Education were worth $116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $110,000. United Services Automobile Association increased its holdings in shares of Barnes & Noble Education by 51.7% in the 2nd quarter. United Services Automobile Association now owns 26,505 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 9,032 shares during the period. A.R.T. Advisors LLC acquired a new position in shares of Barnes & Noble Education in the 1st quarter valued at about $156,000. Stevens Capital Management LP acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $166,000. Finally, Martingale Asset Management L P acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $238,000. Hedge funds and other institutional investors own 74.83% of the company’s stock.

In other news, Chairman Michael Huseby acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were purchased at an average price of $5.42 per share, for a total transaction of $98,644.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Ryan acquired 20,040 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average price of $4.97 per share, for a total transaction of $99,598.80. The disclosure for this purchase can be found here. Corporate insiders own 2.46% of the company’s stock.

Separately, ValuEngine upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Thursday, August 30th.

Shares of BNED opened at $5.67 on Friday. The stock has a market capitalization of $270.24 million, a PE ratio of 4.65 and a beta of 0.38. Barnes & Noble Education Inc has a fifty-two week low of $4.93 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.21 and a current ratio of 1.32.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Wednesday, August 22nd. The specialty retailer reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.25). The business had revenue of $337.50 million during the quarter, compared to analyst estimates of $355.25 million. Barnes & Noble Education had a negative net margin of 11.73% and a negative return on equity of 49.33%. Barnes & Noble Education’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.75) EPS.

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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