Prudential Financial Inc. Has $640,000 Position in Barnes & Noble Education, Inc (BNED)

Prudential Financial Inc. Has $640,000 Position in Barnes & Noble Education, Inc (BNED)

Prudential Financial Inc. decreased its position in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 28.1% during the third quarter, Holdings Channel reports. The fund owned 66,833 shares of the company’s stock after selling 26,060 shares during the period. Prudential Financial Inc. owned 0.15% of Barnes & Noble Education worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BNED. Bank of New York Mellon Corp raised its stake in shares of Barnes & Noble Education by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 439,086 shares of the company’s stock worth $4,202,000 after buying an additional 18,263 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Barnes & Noble Education by 72.9% in the third quarter. Wells Fargo & Company MN now owns 26,292 shares of the company’s stock worth $251,000 after buying an additional 11,082 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Barnes & Noble Education by 25.8% in the third quarter. California Public Employees Retirement System now owns 163,345 shares of the company’s stock worth $1,563,000 after buying an additional 33,500 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Barnes & Noble Education by 2,977.9% in the third quarter. Bank of Montreal Can now owns 11,142 shares of the company’s stock worth $107,000 after buying an additional 10,780 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Barnes & Noble Education during the third quarter worth $107,000. 65.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Barnes & Noble Education, Inc (NYSE:BNED) opened at 10.15 on Friday. The company’s market capitalization is $469.70 million. Barnes & Noble Education, Inc has a 12-month low of $8.50 and a 12-month high of $13.15. The company has a 50 day moving average of $11.62 and a 200-day moving average of $10.85.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, December 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.14. Barnes & Noble Education had a negative net margin of 0.28% and a positive return on equity of 1.70%. The business earned $770.67 million during the quarter, compared to analyst estimates of $778.80 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post $0.36 EPS for the current fiscal year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. BWS Financial assumed coverage on shares of Barnes & Noble Education in a research note on Tuesday, October 11th. They issued a “strong-buy” rating and a $14.00 price target for the company.

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.

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).

Related posts

Leave a Comment