Bank of New York Mellon Corp decreased its position in Barnes & Noble Education, Inc (NYSE:BNED) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,273 shares of the specialty retailer’s stock after selling 5,551 shares during the period. Bank of New York Mellon Corp owned approximately 1.01% of Barnes & Noble Education worth $4,978,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in 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 worth $120,000 after purchasing an additional 1,980 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Barnes & Noble Education by 316.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 9,000 shares in the last quarter. Karp Capital Management Corp bought a new position in Barnes & Noble Education in the 1st quarter worth about $114,000. Aperio Group LLC boosted its stake in Barnes & Noble Education by 1.3% in the 2nd quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 154 shares in the last quarter. Finally, Lucus Advisors LLC bought a new position in Barnes & Noble Education in the 1st quarter worth about $116,000. Institutional investors own 68.99% of the company’s stock.

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Barnes & Noble Education, Inc (BNED) opened at 6.58 on Thursday. The company has a 50-day moving average of $6.21 and a 200-day moving average of $6.21. Barnes & Noble Education, Inc has a 52 week low of $5.26 and a 52 week high of $13.15. The company’s market cap is $306.08 million.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $406.22 million. During the same quarter last year, the firm earned ($0.60) EPS. Barnes & Noble Education’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, equities analysts expect that Barnes & Noble Education, Inc will post $0.51 EPS for the current year.

BNED has been the topic of a number of analyst reports. BidaskClub cut shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Tuesday, July 18th. BWS Financial cut shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. Craig Hallum reiterated a “buy” rating and issued a $10.00 price target (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. Finally, ValuEngine cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.92.

Barnes & Noble Education Profile

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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