United Services Automobile Association Acquires 9,032 Shares of Barnes & Noble Education Inc (BNED)

United Services Automobile Association lifted its holdings in shares of Barnes & Noble Education Inc (NYSE:BNED) by 51.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,505 shares of the specialty retailer’s stock after acquiring an additional 9,032 shares during the quarter. United Services Automobile Association owned about 0.06% of Barnes & Noble Education worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Barnes & Noble Education by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 287,669 shares of the specialty retailer’s stock valued at $1,982,000 after acquiring an additional 9,614 shares in the last quarter. Globeflex Capital L P increased its stake in Barnes & Noble Education by 13.4% during the 2nd quarter. Globeflex Capital L P now owns 89,078 shares of the specialty retailer’s stock worth $502,000 after buying an additional 10,545 shares during the period. Raymond James & Associates increased its stake in Barnes & Noble Education by 18.6% during the 2nd quarter. Raymond James & Associates now owns 75,875 shares of the specialty retailer’s stock worth $428,000 after buying an additional 11,883 shares during the period. Macquarie Group Ltd. increased its stake in Barnes & Noble Education by 173.3% during the 2nd quarter. Macquarie Group Ltd. now owns 20,500 shares of the specialty retailer’s stock worth $116,000 after buying an additional 13,000 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Barnes & Noble Education by 9.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 206,316 shares of the specialty retailer’s stock worth $1,164,000 after buying an additional 18,252 shares during the period. Institutional investors and hedge funds own 74.86% of the company’s stock.

Separately, ValuEngine raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th.



In related news, Director John R. Ryan bought 20,040 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was bought at an average price of $4.97 per share, with a total value of $99,598.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael Huseby bought 18,200 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was bought at an average cost of $5.42 per share, with a total value of $98,644.00. The disclosure for this purchase can be found here. 2.46% of the stock is currently owned by insiders.

Barnes & Noble Education stock opened at $5.85 on Wednesday. Barnes & Noble Education Inc has a 12-month low of $4.93 and a 12-month high of $9.10. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30.

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

Barnes & Noble Education 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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