Municipal Employees Retirement System of Michigan raised its position in Barnes & Noble Education, Inc (NYSE:BNED) by 895.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,009 shares of the specialty retailer’s stock after buying an additional 78,270 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Barnes & Noble Education were worth $925,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Karp Capital Management Corp purchased a new stake in Barnes & Noble Education during the first quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after buying an additional 9,000 shares during the last quarter. Comerica Bank increased its stake in Barnes & Noble Education by 4.2% in the first quarter. Comerica Bank now owns 42,612 shares of the specialty retailer’s stock worth $453,000 after buying an additional 1,727 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Barnes & Noble Education by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 473,824 shares of the specialty retailer’s stock worth $4,543,000 after buying an additional 7,649 shares during the last quarter. Finally, Boston Partners increased its stake in Barnes & Noble Education by 2.2% in the first quarter. Boston Partners now owns 320,817 shares of the specialty retailer’s stock worth $3,077,000 after buying an additional 6,775 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Shares of Barnes & Noble Education, Inc (BNED) opened at 6.84 on Friday. The firm’s 50-day moving average price is $8.50 and its 200-day moving average price is $9.55. Barnes & Noble Education, Inc has a 52-week low of $6.46 and a 52-week high of $13.15. The stock has a market cap of $318.17 million, a P/E ratio of 62.18 and a beta of 0.88.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by $0.10. The company had revenue of $342.80 million during the quarter, compared to analysts’ expectations of $310.58 million. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. Equities analysts predict that Barnes & Noble Education, Inc will post $0.30 EPS for the current year.

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A number of equities research analysts have weighed in on BNED shares. Zacks Investment Research upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Tuesday, July 18th. BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.

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

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