Todays Report: The Barnes & Noble Education Inc. (BNED) Position Maintained by Swiss National Bank

The Barnes & Noble Education Inc. (BNED) Position Maintained by Swiss National Bank

Swiss National Bank continued to hold its stake in Barnes & Noble Education Inc. (NYSE:BNED) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,295 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.13% of Barnes & Noble Education worth $602,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BNED. Spark Investment Management LLC purchased a new stake in Barnes & Noble Education during the first quarter worth about $2,483,000. BlackRock Fund Advisors increased its stake in Barnes & Noble Education by 1.9% in the first quarter. BlackRock Fund Advisors now owns 2,298,861 shares of the company’s stock worth $22,529,000 after buying an additional 42,625 shares in the last quarter. Prudential Financial Inc. increased its stake in Barnes & Noble Education by 44.0% in the first quarter. Prudential Financial Inc. now owns 127,593 shares of the company’s stock worth $1,250,000 after buying an additional 39,000 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in Barnes & Noble Education during the first quarter worth about $353,000. Finally, Menta Capital LLC increased its stake in Barnes & Noble Education by 188.7% in the first quarter. Menta Capital LLC now owns 51,720 shares of the company’s stock worth $507,000 after buying an additional 33,806 shares in the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

Barnes & Noble Education Inc. (NYSE:BNED) traded down 1.92% on Thursday, hitting $9.70. The stock had a trading volume of 46,521 shares. The company’s 50 day moving average is $10.21 and its 200-day moving average is $10.20. Barnes & Noble Education Inc. has a 12 month low of $8.15 and a 12 month high of $15.49. The stock’s market cap is $446.90 million.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by $0.02. Barnes & Noble Education had a negative net margin of 0.05% and a positive return on equity of 2.22%. The business earned $239.20 million during the quarter, compared to analysts’ expectations of $245.58 million. During the same quarter last year, the business posted ($0.65) earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Analysts forecast that Barnes & Noble Education Inc. will post $0.44 EPS for the current year.

BNED has been the topic of a number of analyst reports. BWS Financial initiated coverage on Barnes & Noble Education in a research report on Tuesday. They set a “strong-buy” rating and a $14.00 price objective on the stock. Zacks Investment Research cut Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th.

About Barnes & Noble Education

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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