Prescott Group Capital Management L.L.C. Has $8.10 Million Stock Position in Barnes & Noble Education, Inc $BNED

Prescott Group Capital Management L.L.C. increased its position in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 186.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 881,799 shares of the specialty retailer’s stock after buying an additional 573,992 shares during the quarter. Barnes & Noble Education comprises about 0.8% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 25th biggest position. Prescott Group Capital Management L.L.C. owned approximately 2.57% of Barnes & Noble Education worth $8,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kanen Wealth Management LLC raised its stake in Barnes & Noble Education by 30.6% during the 1st quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock worth $32,445,000 after buying an additional 724,683 shares during the period. Vanguard Group Inc. raised its stake in Barnes & Noble Education by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer’s stock worth $10,225,000 after buying an additional 67,365 shares during the period. JPMorgan Chase & Co. raised its stake in Barnes & Noble Education by 323.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock worth $6,079,000 after buying an additional 394,630 shares during the period. Geode Capital Management LLC raised its stake in Barnes & Noble Education by 123.2% during the 2nd quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer’s stock worth $4,734,000 after buying an additional 221,936 shares during the period. Finally, Centaurus Financial Inc. raised its stake in Barnes & Noble Education by 2.9% during the 3rd quarter. Centaurus Financial Inc. now owns 296,046 shares of the specialty retailer’s stock worth $2,946,000 after buying an additional 8,462 shares during the period. 38.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Barnes & Noble Education currently has an average rating of “Sell”.

Barnes & Noble Education Stock Performance

Shares of Barnes & Noble Education stock opened at $9.02 on Thursday. The company has a market cap of $309.39 million, a PE ratio of -28.19 and a beta of 1.31. Barnes & Noble Education, Inc has a 52 week low of $5.90 and a 52 week high of $12.21. The business has a 50 day moving average price of $9.61 and a 200-day moving average price of $8.94. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.48.

Barnes & Noble Education Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.