Greenhaven Road Investment Management L.P. Sells 85,000 Shares of Barnes & Noble Education, Inc $BNED

Greenhaven Road Investment Management L.P. decreased its stake in Barnes & Noble Education, Inc (NYSE:BNED) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 984,162 shares of the specialty retailer’s stock after selling 85,000 shares during the period. Barnes & Noble Education comprises about 4.0% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 11th biggest position. Greenhaven Road Investment Management L.P.’s holdings in Barnes & Noble Education were worth $11,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BNED. Police & Firemen s Retirement System of New Jersey bought a new position in Barnes & Noble Education during the 2nd quarter worth approximately $40,000. Bank of America Corp DE lifted its position in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 5,733 shares during the period. FNY Investment Advisers LLC grew its stake in shares of Barnes & Noble Education by 81.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer’s stock worth $74,000 after buying an additional 2,834 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Barnes & Noble Education in the 1st quarter worth about $94,000. Finally, New York State Common Retirement Fund bought a new position in shares of Barnes & Noble Education in the second quarter worth approximately $100,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education Stock Up 2.2%

Shares of NYSE BNED opened at $9.07 on Friday. The business has a fifty day simple moving average of $8.81 and a two-hundred day simple moving average of $9.60. Barnes & Noble Education, Inc has a twelve month low of $5.90 and a twelve month high of $14.40. The firm has a market cap of $308.77 million, a PE ratio of -0.59 and a beta of 1.43.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Barnes & Noble Education

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.