Barnes & Noble Education, Inc $BNED Shares Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. grew its position in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 90.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,584 shares of the specialty retailer’s stock after purchasing an additional 136,711 shares during the quarter. Centaurus Financial Inc. owned approximately 0.84% of Barnes & Noble Education worth $3,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BNED. Bank of America Corp DE increased its holdings in Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 5,733 shares in the last quarter. Kanen Wealth Management LLC grew its position in shares of Barnes & Noble Education by 30.6% during 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 acquiring an additional 724,683 shares during the period. Invesco Ltd. increased its stake in shares of Barnes & Noble Education by 32.6% in the 1st quarter. Invesco Ltd. now owns 34,228 shares of the specialty retailer’s stock valued at $359,000 after purchasing an additional 8,410 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Barnes & Noble Education in the 1st quarter valued at about $160,000. Finally, EntryPoint Capital LLC acquired a new position in Barnes & Noble Education in the 1st quarter worth about $225,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Barnes & Noble Education in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Barnes & Noble Education Trading Down 0.7%

BNED stock opened at $9.07 on Friday. Barnes & Noble Education, Inc has a 12-month low of $5.90 and a 12-month high of $14.40. The stock has a market cap of $308.90 million, a price-to-earnings ratio of -0.59 and a beta of 1.43. The business’s 50-day moving average is $8.72 and its 200 day moving average is $9.52.

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.