Barnes & Noble, Inc. (NYSE:BKS) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in Barnes & Noble, Inc. (NYSE:BKS) by 52.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,524 shares of the specialty retailer’s stock after selling 137,586 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Barnes & Noble worth $833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in Barnes & Noble by 316.5% in the first quarter. BNP Paribas Arbitrage SA now owns 13,021 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 9,895 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Barnes & Noble in the first quarter valued at approximately $87,000. Weiss Asset Management LP purchased a new stake in Barnes & Noble in the first quarter valued at approximately $90,000. Marathon Trading Investment Management LLC purchased a new stake in Barnes & Noble in the first quarter valued at approximately $98,000. Finally, Gamco Investors INC. ET AL lifted its stake in Barnes & Noble by 23.6% in the second quarter. Gamco Investors INC. ET AL now owns 48,073 shares of the specialty retailer’s stock valued at $322,000 after buying an additional 9,173 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Barnes & Noble stock remained flat at $$6.49 during trading hours on Thursday. Barnes & Noble, Inc. has a 12 month low of $4.11 and a 12 month high of $7.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 0.16. The company’s 50-day moving average price is $6.49 and its 200 day moving average price is $5.95. The stock has a market capitalization of $475.13 million, a price-to-earnings ratio of 19.12 and a beta of 1.03.

A number of equities research analysts have weighed in on BKS shares. Craig Hallum cut Barnes & Noble from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Friday, June 7th. Gabelli cut Barnes & Noble from a “buy” rating to a “hold” rating and boosted their price objective for the company from $6.50 to $6.71 in a research note on Thursday, June 20th.

About Barnes & Noble

Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

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

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