Barnes & Noble Education Inc (NYSE:BNED) major shareholder Abrams Capital Management, L.P sold 721,236 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $8.23, for a total transaction of $5,935,772.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Abrams Capital Management, L.P also recently made the following trade(s):

  • On Thursday, December 7th, Abrams Capital Management, L.P sold 1,039,022 shares of Barnes & Noble Education stock. The stock was sold at an average price of $7.82, for a total transaction of $8,125,152.04.

Shares of Barnes & Noble Education Inc (NYSE:BNED) traded down $0.17 on Wednesday, hitting $8.25. 1,014,326 shares of the stock traded hands, compared to its average volume of 341,062. The company has a market capitalization of $366.87, a price-to-earnings ratio of 21.14, a PEG ratio of 0.78 and a beta of 1.14. Barnes & Noble Education Inc has a 52 week low of $4.99 and a 52 week high of $13.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 0.41.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, December 5th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.12. The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $868.17 million. Barnes & Noble Education had a net margin of 0.84% and a return on equity of 2.52%. The company’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. sell-side analysts expect that Barnes & Noble Education Inc will post 0.5 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of BNED. Russell Investments Group Ltd. raised its position in shares of Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 1,980 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Barnes & Noble Education in the third quarter valued at about $126,000. Aperio Group LLC raised its position in shares of Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 154 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Barnes & Noble Education by 57.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 4,443 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Barnes & Noble Education in the second quarter valued at about $146,000. 67.14% of the stock is currently owned by institutional investors.

BNED has been the topic of several analyst reports. BidaskClub raised shares of Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. ValuEngine raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. BWS Financial reissued a “buy” rating and issued a $14.00 price objective on shares of Barnes & Noble Education in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.92.

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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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