JPMorgan Chase & Co. Sells 426,458 Shares of Barnes & Noble Education, Inc $BNED

Key Points

• JPMorgan Chase sold 426,458 shares of Barnes & Noble Education in Q3, trimming its position by 82.6% to 90,063 shares (about 0.26% of the company), worth roughly $896,000.
• Barnes & Noble Education reported Q results with EPS of -$0.47 on $288.16 million in revenue, has a market cap of about $334.8 million and a negative P/E of -30.5, with a 52-week range of $5.90–$12.21.
• Institutional ownership is 38.51% as several funds (Kanen, Vanguard, Geode, Prescott, Centaurus) boosted stakes, while analyst sentiment remains weak—Weiss Ratings reissued a "Sell" and MarketBeat shows an average rating of "Sell".

JPMorgan Chase & Co. trimmed its position in Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 82.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,063 shares of the specialty retailer's stock after selling 426,458 shares during the period. JPMorgan Chase & Co. owned 0.26% of Barnes & Noble Education worth $896,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Kanen Wealth Management LLC boosted its holdings in Barnes & Noble Education by 30.6% in the 1st quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer's stock valued at $32,445,000 after purchasing an additional 724,683 shares during the period. Vanguard Group Inc. boosted its holdings in Barnes & Noble Education by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer's stock valued at $10,225,000 after purchasing an additional 67,365 shares during the period. Geode Capital Management LLC boosted its holdings in Barnes & Noble Education by 123.2% in the 2nd quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer's stock valued at $4,734,000 after purchasing an additional 221,936 shares during the period. Prescott Group Capital Management L.L.C. boosted its holdings in Barnes & Noble Education by 6.1% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 307,807 shares of the specialty retailer's stock valued at $3,063,000 after purchasing an additional 17,807 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings in Barnes & Noble Education by 2.9% in the 3rd quarter. Centaurus Financial Inc. now owns 296,046 shares of the specialty retailer's stock valued at $2,946,000 after purchasing an additional 8,462 shares during the period. 38.51% of the stock is owned by institutional investors.

Barnes & Noble Education Stock Up 0.0%

Shares of NYSE:BNED opened at $9.76 on Friday. The firm has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $8.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 0.86. Barnes & Noble Education, Inc has a one year low of $5.90 and a one year high of $12.21. The company has a market cap of $334.80 million, a price-to-earnings ratio of -30.50 and a beta of 1.28.

Barnes & Noble Education (NYSE:BNED - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative return on equity of 20.37% and a negative net margin of 0.57%.The company had revenue of $288.16 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Barnes & Noble Education presently has an average rating of "Sell".

About Barnes & Noble Education

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.

Want to see what other hedge funds are holding BNED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble Education, Inc (NYSE:BNED - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.