Shares of Barnes & Noble Education Inc (NYSE:BNED) were up 7.2% during trading on Monday . The stock traded as high as $6.12 and last traded at $5.98. Approximately 551,471 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 460,334 shares. The stock had previously closed at $5.58.

Separately, ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th.

The company has a market capitalization of $280.56 million, a P/E ratio of 4.88 and a beta of 0.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.21.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.25). The company had revenue of $337.50 million during the quarter, compared to analysts’ expectations of $355.25 million. Barnes & Noble Education had a negative return on equity of 49.33% and a negative net margin of 11.73%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company earned ($0.75) earnings per share.

In other news, major shareholder Abrams Capital Management, L.P sold 194,023 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $7.83, for a total value of $1,519,200.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael Huseby purchased 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $5.42 per share, with a total value of $98,644.00. The disclosure for this purchase can be found here. Corporate insiders own 2.46% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BNED. Russell Investments Group Ltd. increased its position in shares of Barnes & Noble Education by 177.9% during the first quarter. Russell Investments Group Ltd. now owns 1,355,451 shares of the specialty retailer’s stock valued at $9,338,000 after acquiring an additional 867,764 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $5,372,000. American Century Companies Inc. purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $3,328,000. BlackRock Inc. increased its position in shares of Barnes & Noble Education by 8.7% during the second quarter. BlackRock Inc. now owns 5,323,286 shares of the specialty retailer’s stock valued at $30,023,000 after acquiring an additional 424,291 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of Barnes & Noble Education by 152.0% during the second quarter. TCW Group Inc. now owns 489,547 shares of the specialty retailer’s stock valued at $2,761,000 after acquiring an additional 295,300 shares during the last quarter. 74.83% of the stock is owned by institutional investors.

Barnes & Noble Education Company Profile (NYSE:BNED)

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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