Barnes & Noble Education Inc (NYSE:BNED) Major Shareholder Master Fund Lp Outerbridge Acquires 475,987 Shares

Barnes & Noble Education Inc (NYSE:BNED) major shareholder Master Fund Lp Outerbridge bought 475,987 shares of Barnes & Noble Education stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of $3.01 per share, for a total transaction of $1,432,720.87. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Master Fund Lp Outerbridge also recently made the following trade(s):

  • On Monday, September 30th, Master Fund Lp Outerbridge bought 59,328 shares of Barnes & Noble Education stock. The stock was purchased at an average cost of $3.14 per share, for a total transaction of $186,289.92.
  • On Tuesday, September 24th, Master Fund Lp Outerbridge bought 1,073,216 shares of Barnes & Noble Education stock. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $3,445,023.36.

BNED traded down $0.01 during trading on Monday, reaching $3.16. The stock had a trading volume of 250,179 shares, compared to its average volume of 545,508. The stock has a market cap of $150.92 million, a PE ratio of 4.27 and a beta of 1.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.18 and a current ratio of 1.16. Barnes & Noble Education Inc has a one year low of $2.82 and a one year high of $7.78. The business has a 50-day moving average of $3.48 and a 200-day moving average of $3.72.



Barnes & Noble Education (NYSE:BNED) last released its earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.17. The business had revenue of $319.70 million for the quarter, compared to analysts’ expectations of $327.57 million. Barnes & Noble Education had a positive return on equity of 7.23% and a negative net margin of 0.89%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.82) earnings per share.

Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd grew its stake in shares of Barnes & Noble Education by 132.7% during the second quarter. Point72 Hong Kong Ltd now owns 8,299 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 4,733 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Barnes & Noble Education by 108.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 4,848 shares during the last quarter. AMP Capital Investors Ltd bought a new position in shares of Barnes & Noble Education during the second quarter valued at about $44,000. OMERS ADMINISTRATION Corp bought a new position in shares of Barnes & Noble Education during the second quarter valued at about $50,000. Finally, Ardsley Advisory Partners LP bought a new position in shares of Barnes & Noble Education during the second quarter valued at about $57,000. 73.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Sidoti cut Barnes & Noble Education from a “buy” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research note on Tuesday, September 17th. ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, TheStreet cut Barnes & Noble Education from a “c-” rating to a “d” rating in a research note on Wednesday, June 26th.

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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