Gabelli Issues an Upgrade on Barnes & Noble (BKS) Shares. What’s Next?

September 8, 2018 - By Mary Kidd

Barnes & Noble, Inc. (NYSE:BKS) Logo

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.22, from 0.95 in 2017Q4. It worsened, as 28 investors sold Barnes & Noble, Inc. shares while 43 reduced holdings. 21 funds opened positions while 31 raised stakes. 41.44 million shares or 11.95% less from 47.06 million shares in 2017Q4 were reported.

State Street Corp owns 1.87M shares. D E Shaw & Incorporated accumulated 16,673 shares or 0% of the stock. 119,245 are held by Pinnacle Ltd. Teacher Retirement Sys Of Texas invested in 0% or 13,139 shares. Thompson Davis invested 0.01% in Barnes & Noble, Inc. (NYSE:BKS). Quinn Opportunity Prtn Ltd Llc holds 1.43M shares. Bluemountain Cap Mgmt Limited Liability invested in 51,446 shares or 0.01% of the stock. Pinnacle Ltd owns 27,150 shares. Texas Permanent School Fund stated it has 37,585 shares or 0% of all its holdings. New York State Teachers Retirement accumulated 0% or 103,279 shares. Dimensional Fund Advsr Lp reported 0.01% stake. Blackrock Inc has invested 0% in Barnes & Noble, Inc. (NYSE:BKS). Sei Invests Communication reported 0% stake. Fuller & Thaler Asset Management Inc, California-based fund reported 464,700 shares. Smithfield Tru Communication accumulated 2,327 shares.

Barnes & Noble (BKS) Stock Upgrade

In analysts report issued on Friday morning, Gabelli announced that they have decided to upgrade shares of Barnes & Noble (BKS) stock from a Hold to a Buy.

The stock increased 16.48% or $0.75 during the last trading session, reaching $5.3. About 3.66M shares traded or 228.84% up from the average. Barnes & Noble, Inc. (BKS) has declined 21.90% since September 8, 2017 and is downtrending. It has underperformed by 34.47% the S&P500.

Barnes & Noble, Inc. operates as a content and commerce firm in the United States. The company has market cap of $386.25 million. Barnes & Noble, Inc. operates as a retailer of books, content, digital media, and educational products. It currently has negative earnings. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café services and products, educational toys and games, and music and movies.

More notable recent Barnes & Noble, Inc. (NYSE:BKS) news were published by: Benzinga.com which released: “44 Stocks Moving In Friday’s Mid-Day Session” on September 07, 2018, also Benzinga.com with their article: “Mid-Afternoon Market Update: Okta Gains After Strong Q2 Results; eGain Shares Plummet” published on September 07, 2018, Seekingalpha.com published: “Barnes & Noble: Resist The Temptation” on September 06, 2018. More interesting news about Barnes & Noble, Inc. (NYSE:BKS) were released by: Seekingalpha.com and their article: “Stocks To Watch: Time To Talk Valuation” published on September 01, 2018 as well as Fool.com‘s news article titled: “Why Barnes & Noble Stock Dropped 8% Today” with publication date: September 06, 2018.

Barnes & Noble, Inc. (NYSE:BKS) Institutional Positions Chart

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