American Century Companies Inc. Buys 45,414 Shares of Barnes & Noble Education Inc (BNED)

American Century Companies Inc. increased its stake in shares of Barnes & Noble Education Inc (NYSE:BNED) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,799 shares of the specialty retailer’s stock after buying an additional 45,414 shares during the quarter. American Century Companies Inc. owned 1.68% of Barnes & Noble Education worth $3,211,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BNED. Raging Capital Management LLC bought a new stake in Barnes & Noble Education during the fourth quarter worth $2,856,000. AQR Capital Management LLC grew its holdings in Barnes & Noble Education by 481.3% during the third quarter. AQR Capital Management LLC now owns 213,496 shares of the specialty retailer’s stock worth $1,230,000 after buying an additional 176,767 shares in the last quarter. BlackRock Inc. grew its holdings in Barnes & Noble Education by 3.0% during the fourth quarter. BlackRock Inc. now owns 5,514,533 shares of the specialty retailer’s stock worth $22,115,000 after buying an additional 159,127 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Barnes & Noble Education by 540.8% during the third quarter. Panagora Asset Management Inc. now owns 151,743 shares of the specialty retailer’s stock worth $874,000 after buying an additional 128,062 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Barnes & Noble Education by 4.5% during the third quarter. Vanguard Group Inc now owns 2,194,050 shares of the specialty retailer’s stock worth $12,638,000 after buying an additional 93,754 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

BNED stock opened at $4.48 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.47 and a current ratio of 1.32. Barnes & Noble Education Inc has a 1-year low of $3.58 and a 1-year high of $8.32. The firm has a market capitalization of $205.93 million, a price-to-earnings ratio of 5.37 and a beta of 1.71.



Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Tuesday, March 5th. The specialty retailer reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). Barnes & Noble Education had a return on equity of 8.85% and a net margin of 1.89%. The business had revenue of $550.30 million during the quarter, compared to analysts’ expectations of $591.13 million. During the same period in the prior year, the firm posted ($6.04) EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis.

In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 445,340 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $7.48, for a total value of $3,331,143.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.46% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on BNED shares. TheStreet upgraded Barnes & Noble Education from a “d” rating to a “c-” rating in a report on Wednesday, March 6th. Sidoti upgraded Barnes & Noble Education from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Needham & Company LLC started coverage on Barnes & Noble Education in a report on Monday, April 8th. They set a “buy” rating and a $7.00 price target for the company.

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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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