Cornercap Investment Counsel Inc. acquired a new position in Barnes & Noble Education Inc (NYSE:BNED) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,305 shares of the specialty retailer’s stock, valued at approximately $777,000.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Barnes & Noble Education by 1.0% in the fourth quarter. BlackRock Inc. now owns 4,824,294 shares of the specialty retailer’s stock worth $39,752,000 after purchasing an additional 48,655 shares during the period. State Street Corp raised its position in Barnes & Noble Education by 4.8% in the second quarter. State Street Corp now owns 995,797 shares of the specialty retailer’s stock worth $10,586,000 after acquiring an additional 45,936 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Barnes & Noble Education by 19.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 793,413 shares of the specialty retailer’s stock worth $6,538,000 after acquiring an additional 127,361 shares in the last quarter. 683 Capital Management LLC bought a new stake in Barnes & Noble Education in the third quarter worth about $3,398,000. Finally, Citadel Advisors LLC raised its position in Barnes & Noble Education by 798.5% in the third quarter. Citadel Advisors LLC now owns 456,629 shares of the specialty retailer’s stock worth $2,973,000 after acquiring an additional 405,810 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.
Shares of Barnes & Noble Education Inc (NYSE BNED) opened at $6.86 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. Barnes & Noble Education Inc has a 1 year low of $4.99 and a 1 year high of $11.12.
In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 129,665 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $8.51, for a total transaction of $1,103,449.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 847,959 shares of company stock worth $7,108,839. 3.46% of the stock is owned by company insiders.
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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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