Addison Clark Management L.l.c. Lowers stake in Barnes & Noble Education Inc (BNED)

Barnes & Noble Education Inc (BNED) : Addison Clark Management L.l.c. reduced its stake in Barnes & Noble Education Inc by 2.47% during the most recent quarter end. The investment management company now holds a total of 265,890 shares of Barnes & Noble Education Inc which is valued at $3,198,657 after selling 6,733 shares in Barnes & Noble Education Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Barnes & Noble Education Inc makes up approximately 4.86% of Addison Clark Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in BNED in the latest quarter, The investment management firm added 5,081 additional shares and now holds a total of 88,082 shares of Barnes & Noble Education Inc which is valued at $1,059,626.Teachers Advisors Inc boosted its stake in BNED in the latest quarter, The investment management firm added 14,601 additional shares and now holds a total of 63,400 shares of Barnes & Noble Education Inc which is valued at $762,702.Vanguard Group Inc boosted its stake in BNED in the latest quarter, The investment management firm added 170,832 additional shares and now holds a total of 2,905,342 shares of Barnes & Noble Education Inc which is valued at $34,951,264.Simplex Trading reduced its stake in BNED by selling 447 shares or 21.9% in the most recent quarter. The Hedge Fund company now holds 1,594 shares of BNED which is valued at $18,586.

On the company’s financial health, Barnes & Noble Education Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Jun 28, 2016. Analyst had a consensus of $-0.10. The company had revenue of $294.80 million for the quarter, compared to analysts expectations of $284.43 million. The company’s revenue was up 7.6% compared to the same quarter last year.

Barnes & Noble Education Inc. is a contract operator of bookstores on college and university campuses in the United States. The Company creates and operates campus stores under multi-year management service agreements. Its products and services include Textbook and Course Material Sales Textbook and Course Material Rentals General Merchandise Trade Digital Education Platform (Yuzu) e-commerce Platform FacultyEnlight Campus Connect Technologies platform and Flexible Course Fee Solution. It operates approximately 724 stores across the nation. The Company’s stores are operated under 453 contracts some of which cover multiple store locations and 154 of its college and university affiliated bookstores are co-branded with the Barnes & Noble name. It also operates approximately 36 academic superstores at select campuses including the Harvard Coop University of Pennsylvania Yale University the College of William and Mary Vanderbilt University and Georgia Institute of Technology.

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