Goldman Sachs Group Inc. Raises Holdings in Barnes & Noble Education, Inc $BNED

Key Points

• Goldman Sachs Group Inc. increased its holdings in Barnes & Noble Education by 96.6% in the first quarter, now owning approximately 104,205 shares valued at over $1 million.
• Other institutional investors like Greenhaven Road Investment Management and CenterBook Partners LP also significantly increased their stakes, showcasing growing interest in the company.
• The stock price of Barnes & Noble Education rose by 2.7%, with current trading at $9.36 and a market cap of $318.71 million.

Goldman Sachs Group Inc. raised its holdings in shares of Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 96.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,205 shares of the specialty retailer's stock after buying an additional 51,190 shares during the quarter. Goldman Sachs Group Inc. owned about 0.31% of Barnes & Noble Education worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BNED. Cloud Capital Management LLC purchased a new position in Barnes & Noble Education during the first quarter worth about $60,000. Bank of America Corp DE grew its position in Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock worth $62,000 after buying an additional 5,733 shares in the last quarter. AlphaQuest LLC purchased a new position in Barnes & Noble Education during the first quarter worth about $94,000. Caption Management LLC grew its position in Barnes & Noble Education by 363.2% during the first quarter. Caption Management LLC now owns 10,723 shares of the specialty retailer's stock worth $113,000 after buying an additional 8,408 shares in the last quarter. Finally, Josh Arnold Investment Consultant LLC purchased a new position in Barnes & Noble Education during the first quarter worth about $144,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Trading Up 1.0%

Shares of BNED traded up $0.09 during midday trading on Monday, reaching $9.42. The stock had a trading volume of 250,492 shares, compared to its average volume of 326,430. The company's 50-day moving average is $8.90 and its 200 day moving average is $9.97. Barnes & Noble Education, Inc has a 12-month low of $7.90 and a 12-month high of $14.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.81.

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.