Barnes & Noble, Inc. (BKS) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Barnes & Noble, Inc. (NYSE:BKS) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,142 shares of the specialty retailer’s stock after buying an additional 12,785 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Barnes & Noble were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BKS. Quinn Opportunity Partners LLC raised its stake in shares of Barnes & Noble by 249.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,307,601 shares of the specialty retailer’s stock worth $8,761,000 after buying an additional 933,136 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Barnes & Noble during the 4th quarter worth approximately $3,337,000. Gendell Jeffrey L raised its stake in shares of Barnes & Noble by 42.6% during the 4th quarter. Gendell Jeffrey L now owns 1,613,944 shares of the specialty retailer’s stock worth $10,814,000 after buying an additional 482,426 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Barnes & Noble by 34.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,788,512 shares of the specialty retailer’s stock worth $11,984,000 after buying an additional 462,410 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Barnes & Noble by 1,639.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock worth $3,317,000 after buying an additional 411,500 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.

NYSE BKS opened at $5.30 on Thursday. Barnes & Noble, Inc. has a one year low of $4.10 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.14. The firm has a market capitalization of $382.17, a P/E ratio of 12.33 and a beta of 2.15.



Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.26. Barnes & Noble had a positive return on equity of 6.72% and a negative net margin of 3.19%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.32%. The ex-dividend date is Thursday, April 5th. Barnes & Noble’s dividend payout ratio is currently 139.53%.

Separately, TheStreet downgraded Barnes & Noble from a “c-” rating to a “d” rating in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.50.

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Barnes & Noble Company Profile

Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.

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

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