Schwab Charles Investment Management Inc. raised its position in shares of Barnes & Noble, Inc. (NYSE:BKS) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 929,114 shares of the specialty retailer’s stock after buying an additional 134,349 shares during the quarter. Schwab Charles Investment Management Inc. owned about 1.28% of Barnes & Noble worth $6,226,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKS. Creative Planning purchased a new position in shares of Barnes & Noble in the 4th quarter worth approximately $173,000. California Public Employees Retirement System boosted its holdings in shares of Barnes & Noble by 21.3% in the 3rd quarter. California Public Employees Retirement System now owns 343,925 shares of the specialty retailer’s stock worth $2,614,000 after purchasing an additional 60,425 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Barnes & Noble in the 3rd quarter worth approximately $171,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Barnes & Noble by 1,639.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock worth $3,317,000 after purchasing an additional 411,500 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Barnes & Noble by 6.0% in the 3rd quarter. Royce & Associates LP now owns 954,503 shares of the specialty retailer’s stock worth $7,254,000 after purchasing an additional 53,879 shares during the period. Institutional investors and hedge funds own 67.80% of the company’s stock.
Barnes & Noble, Inc. (NYSE:BKS) opened at $4.85 on Tuesday. The company has a market capitalization of $342.13, a P/E ratio of 9.79 and a beta of 2.28. The company has a quick ratio of 0.14, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. Barnes & Noble, Inc. has a 1-year low of $4.10 and a 1-year high of $9.75.
A number of equities analysts have recently commented on the company. TheStreet cut Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. Craig Hallum cut Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.50.
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About Barnes & Noble
Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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