SG Americas Securities LLC boosted its stake in shares of Barnes & Noble Education Inc (NYSE:BNED) by 40.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,159 shares of the specialty retailer’s stock after buying an additional 7,210 shares during the quarter. SG Americas Securities LLC’s holdings in Barnes & Noble Education were worth $106,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Barnes & Noble Education by 3.0% during the fourth quarter. BlackRock Inc. now owns 5,514,533 shares of the specialty retailer’s stock worth $22,115,000 after purchasing an additional 159,127 shares during the last quarter. Vanguard Group Inc. raised its position in Barnes & Noble Education by 4.5% in the third quarter. Vanguard Group Inc. now owns 2,194,050 shares of the specialty retailer’s stock valued at $12,638,000 after purchasing an additional 93,754 shares during the period. American Century Companies Inc. raised its position in Barnes & Noble Education by 6.0% in the fourth quarter. American Century Companies Inc. now owns 800,799 shares of the specialty retailer’s stock valued at $3,211,000 after purchasing an additional 45,414 shares during the period. Raging Capital Management LLC purchased a new position in Barnes & Noble Education in the fourth quarter valued at about $2,856,000. Finally, Bank of New York Mellon Corp raised its position in Barnes & Noble Education by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 438,651 shares of the specialty retailer’s stock valued at $2,526,000 after purchasing an additional 9,302 shares during the period. Institutional investors own 77.90% of the company’s stock.

BNED stock traded down $0.01 during midday trading on Wednesday, reaching $3.32. The company had a trading volume of 42,316 shares, compared to its average volume of 571,914. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. Barnes & Noble Education Inc has a fifty-two week low of $2.91 and a fifty-two week high of $8.32. The company has a market cap of $147.62 million, a P/E ratio of 3.72 and a beta of 1.87.

Several research analysts have commented on BNED shares. Sidoti lowered Barnes & Noble Education from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 27th. TheStreet raised Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th. ValuEngine lowered Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. Finally, Needham & Company LLC assumed coverage on Barnes & Noble Education in a research note on Monday, April 8th. They issued a “buy” rating and a $7.00 price target for the company.

ILLEGAL ACTIVITY NOTICE: “SG Americas Securities LLC Purchases 7,210 Shares of Barnes & Noble Education Inc (NYSE:BNED)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/sg-americas-securities-llc-purchases-7210-shares-of-barnes-noble-education-inc-nysebned/3039226.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.

See Also: What Factors Can Affect Return on Equity?

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.