Prescott Group Capital Management L.L.C. Raises Position in Barnes & Noble Education, Inc. (NYSE:BNED)

Prescott Group Capital Management L.L.C. grew its position in Barnes & Noble Education, Inc. (NYSE:BNED) by 383.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,000 shares of the specialty retailer’s stock after purchasing an additional 230,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Barnes & Noble Education were worth $2,912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new position in Barnes & Noble Education in the fourth quarter worth $127,000. AMH Equity Ltd purchased a new position in Barnes & Noble Education in the fourth quarter valued at about $803,000. Kanen Wealth Management LLC grew its position in shares of Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after acquiring an additional 784,576 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Barnes & Noble Education during the 4th quarter valued at approximately $49,000. Finally, Geode Capital Management LLC increased its stake in shares of Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after purchasing an additional 77,932 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Stock Down 0.2 %

BNED stock opened at $9.03 on Friday. The stock has a fifty day moving average of $10.57 and a 200-day moving average of $10.62. Barnes & Noble Education, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The company has a market capitalization of $272.68 million, a price-to-earnings ratio of -0.27 and a beta of 2.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Monday, December 9th. The specialty retailer reported $1.91 EPS for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.