Barnes & Noble Education, Inc (BNED) Stake Held by Abrams Capital Management L.P.

Abrams Capital Management L.P. continued to hold its stake in Barnes & Noble Education, Inc (NYSE:BNED) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,771,492 shares of the specialty retailer’s stock at the end of the first quarter. Barnes & Noble Education accounts for approximately 3.2% of Abrams Capital Management L.P.’s investment portfolio, making the stock its 12th largest position. Abrams Capital Management L.P. owned about 18.88% of Barnes & Noble Education worth $84,119,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Barnes & Noble Education during the fourth quarter worth $1,992,000. Boston Partners raised its stake in Barnes & Noble Education by 2.2% in the first quarter. Boston Partners now owns 320,817 shares of the specialty retailer’s stock worth $3,077,000 after buying an additional 6,775 shares during the last quarter. State Street Corp raised its stake in Barnes & Noble Education by 11.9% in the fourth quarter. State Street Corp now owns 906,656 shares of the specialty retailer’s stock worth $10,403,000 after buying an additional 96,430 shares during the last quarter. Comerica Bank raised its stake in Barnes & Noble Education by 5.9% in the fourth quarter. Comerica Bank now owns 40,885 shares of the specialty retailer’s stock worth $458,000 after buying an additional 2,278 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Barnes & Noble Education during the first quarter worth $537,000. 68.82% of the stock is owned by institutional investors and hedge funds.

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

Barnes & Noble Education, Inc (NYSE:BNED) traded up 1.96% on Tuesday, hitting $10.42. 226,248 shares of the stock were exchanged. Barnes & Noble Education, Inc has a 1-year low of $8.75 and a 1-year high of $13.15. The company’s 50 day moving average is $9.87 and its 200 day moving average is $10.32. The stock has a market cap of $483.98 million, a PE ratio of 208.40 and a beta of 1.07.

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BNED has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Monday, March 6th. BWS Financial reiterated a “strong-buy” rating and set a $14.00 price objective on shares of Barnes & Noble Education in a research note on Wednesday, April 5th.

In other Barnes & Noble Education news, VP Lisa Malat sold 9,000 shares of the stock in a transaction on Friday, April 7th. The stock was sold at an average price of $9.83, for a total transaction of $88,470.00. Following the transaction, the vice president now owns 62,667 shares in the company, valued at approximately $616,016.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.37% of the stock is owned by company insiders.

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.

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