Gendell Jeffrey L Lowers stake in Barnes & Noble (BKS)

Barnes & Noble (BKS) : Gendell Jeffrey L reduced its stake in Barnes & Noble by 29.25% during the most recent quarter end. The investment management company now holds a total of 1,130,972 shares of Barnes & Noble which is valued at $12 Million after selling 467,608 shares in Barnes & Noble , the firm said in a disclosure report filed with the SEC on May 13, 2016.Barnes & Noble makes up approximately 2.48% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in BKS in the latest quarter, The investment management firm added 92,555 additional shares and now holds a total of 153,542 shares of Barnes & Noble which is valued at $1.6 Million. Barnes & Noble makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Omers Administration Corp added BKS to its portfolio by purchasing 34,100 company shares during the most recent quarter which is valued at $361,801. Barnes & Noble makes up approx 0.01% of Omers Administration Corp’s portfolio.Blackrock Investment Management boosted its stake in BKS in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 216,339 shares of Barnes & Noble which is valued at $2.3 Million. Blackrock Japan Ltd sold out all of its stake in BKS during the most recent quarter. The investment firm sold 2,696 shares of BKS which is valued $28,605. Secor Capital Advisors Lp added BKS to its portfolio by purchasing 23,131 company shares during the most recent quarter which is valued at $245,420. Barnes & Noble makes up approx 0.05% of Secor Capital Advisors Lp’s portfolio.

Barnes & Noble opened for trading at $11.56 and hit $11.82 on the upside on Wednesday, eventually ending the session at $11.77, with a gain of 1.38% or 0.16 points. The heightened volatility saw the trading volume jump to 4,58,093 shares. Company has a market cap of $879 M.

On the company’s financial health, Barnes & Noble reported $1.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 3, 2016. Analyst had a consensus of $1.06. The company had revenue of $1413.95 million for the quarter, compared to analysts expectations of $1409.47 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 EPS.

Barnes & Noble Inc. is a retailer of content digital media and educational products. The Company’s segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content commerce and technology company which provides access to trade books textbooks magazines newspapers and other content across its multi-channel distribution platform. The Company’s principal business is 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 emblematic apparel and gifts school and dorm supplies cafe products and services educational toys and games music and movies direct to customers through its bookstores or on barnesandnoble.com. The Company operates approximately 648 bookstores in around 50 states.

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