Raging Capital Management LLC purchased a new position in shares of Barnes & Noble Education Inc (NYSE:BNED) in the 4th quarter, Holdings Channel reports. The firm purchased 712,210 shares of the specialty retailer’s stock, valued at approximately $2,856,000.

A number of other large investors also recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Barnes & Noble Education by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 78,530 shares of the specialty retailer’s stock valued at $450,000 after buying an additional 3,772 shares in the last quarter. Arizona State Retirement System grew its holdings in Barnes & Noble Education by 7.6% in the 4th quarter. Arizona State Retirement System now owns 56,397 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 3,991 shares in the last quarter. SG Americas Securities LLC grew its holdings in Barnes & Noble Education by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 4,190 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Barnes & Noble Education by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 297,317 shares of the specialty retailer’s stock valued at $1,192,000 after buying an additional 5,625 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Barnes & Noble Education by 1.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 421,028 shares of the specialty retailer’s stock valued at $1,688,000 after buying an additional 5,795 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

BNED has been the subject of several analyst reports. ValuEngine cut Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Sidoti upgraded Barnes & Noble Education from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, TheStreet upgraded Barnes & Noble Education from a “d” rating to a “c-” rating in a report on Wednesday, March 6th.

NYSE:BNED traded up $0.12 during trading hours on Wednesday, hitting $4.56. The company had a trading volume of 23,975 shares, compared to its average volume of 962,206. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock has a market cap of $210.49 million, a P/E ratio of 5.31 and a beta of 1.78. Barnes & Noble Education Inc has a 1 year low of $3.58 and a 1 year high of $8.32.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, March 5th. The specialty retailer reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $550.30 million for the quarter, compared to analysts’ expectations of $591.13 million. Barnes & Noble Education had a return on equity of 8.85% and a net margin of 1.89%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($6.04) earnings per share.

In other news, major shareholder Abrams Capital Management, L.P sold 445,340 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $7.48, for a total transaction of $3,331,143.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.46% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.watchlistnews.com/raging-capital-management-llc-purchases-shares-of-712210-barnes-noble-education-inc-bned/2920961.html.

Barnes & Noble Education Profile

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.

Featured Story: Why do companies pay special dividends?

Want to see what other hedge funds are holding BNED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble Education Inc (NYSE:BNED).

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

Receive News & Ratings for Barnes & Noble Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education and related companies with MarketBeat.com's FREE daily email newsletter.