IndexIQ Advisors LLC Buys 41,007 Shares of Barnes & Noble Education, Inc (BNED)

IndexIQ Advisors LLC grew its stake in Barnes & Noble Education, Inc (NYSE:BNED) by 83.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 90,378 shares of the specialty retailer’s stock after buying an additional 41,007 shares during the quarter. IndexIQ Advisors LLC owned 0.19% of Barnes & Noble Education worth $588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Barnes & Noble Education by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 1,980 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Barnes & Noble Education by 38.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 3,675 shares during the period. Aperio Group LLC boosted its stake in shares of Barnes & Noble Education by 1.3% in the 2nd quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 154 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Barnes & Noble Education by 57.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 4,443 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 68.06% of the company’s stock.

Several brokerages have recently issued reports on BNED. BidaskClub cut Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. TheStreet cut Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Finally, Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.92.

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Shares of Barnes & Noble Education, Inc (NYSE:BNED) opened at $5.15 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. Barnes & Noble Education, Inc has a 12-month low of $4.99 and a 12-month high of $13.15.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $406.22 million. During the same period last year, the business posted ($0.60) EPS. Barnes & Noble Education’s revenue was up 48.7% on a year-over-year basis. research analysts predict that Barnes & Noble Education, Inc will post 0.5 earnings per share for the current year.

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.

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

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