Barnes & Noble, Inc. (BKS) Reaches $5.35 After 5.00% Down Move; Edgar Lomax Co Trimmed By $1.84 Million Its Bank Of America Com (BAC) Stake

January 14, 2018 - By Michael Collier

Edgar Lomax Co decreased Bank Of America Corp Com (BAC) stake by 7.86% reported in 2017Q3 SEC filing. Edgar Lomax Co sold 73,513 shares as Bank Of America Corp Com (BAC)’s stock declined 6.00%. The Edgar Lomax Co holds 861,972 shares with $21.84 million value, down from 935,485 last quarter. Bank Of America Corp Com now has $325.33 billion valuation. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

The stock of Barnes & Noble, Inc. (NYSE:BKS) is a huge mover today! The stock decreased 3.60% or $0.2 during the last trading session, reaching $5.35. About 1.81 million shares traded or 23.40% up from the average. Barnes & Noble, Inc. (NYSE:BKS) has declined 38.50% since January 14, 2017 and is downtrending. It has underperformed by 55.20% the S&P500.The move comes after 6 months negative chart setup for the $388.66M company. It was reported on Jan, 14 by Barchart.com. We have $5.08 PT which if reached, will make NYSE:BKS worth $19.43 million less.

Investors sentiment decreased to 1.42 in 2017 Q3. Its down 0.06, from 1.48 in 2017Q2. It turned negative, as 20 investors sold Barnes & Noble, Inc. shares while 39 reduced holdings. 31 funds opened positions while 53 raised stakes. 47.54 million shares or 7.58% less from 51.43 million shares in 2017Q2 were reported. The New York-based Millennium Management Ltd Llc has invested 0% in Barnes & Noble, Inc. (NYSE:BKS). Weiss Multi has 48,500 shares for 0.01% of their portfolio. Citadel Ltd Co has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Gsa Llp reported 0.01% in Barnes & Noble, Inc. (NYSE:BKS). Quinn Opportunity reported 374,465 shares or 0.45% of all its holdings. Wells Fargo Mn has 0% invested in Barnes & Noble, Inc. (NYSE:BKS). Royal Bank Of Canada owns 81,499 shares or 0% of their US portfolio. Deutsche Bancorp Ag holds 0% in Barnes & Noble, Inc. (NYSE:BKS) or 444,652 shares. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Northern Trust Corporation reported 1.18M shares stake. California State Teachers Retirement System has 94,512 shares for 0% of their portfolio. Piedmont Inv Ltd Limited Liability Company holds 12,349 shares. Koch Industry Inc has 0.03% invested in Barnes & Noble, Inc. (NYSE:BKS). Paradigm Capital Ny stated it has 88,200 shares or 0.06% of all its holdings. Harvest Mgmt Ltd stated it has 38,839 shares.

Among 6 analysts covering Barnes & Noble Inc. (NYSE:BKS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Barnes & Noble Inc. had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, August 17 by Gabelli. ValuEngine upgraded Barnes & Noble, Inc. (NYSE:BKS) on Friday, May 26 to “Buy” rating. Cantor Fitzgerald initiated Barnes & Noble, Inc. (NYSE:BKS) on Wednesday, October 7 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, September 4. The firm has “Buy” rating by Gabelli given on Monday, October 12. The rating was downgraded by Craig Hallum to “Hold” on Friday, December 1. Craig Hallum initiated Barnes & Noble, Inc. (NYSE:BKS) on Monday, July 27 with “Buy” rating. The stock of Barnes & Noble, Inc. (NYSE:BKS) earned “Neutral” rating by Sidoti on Thursday, August 18.

Barnes & Noble, Inc. operates as a content and commerce firm in the United States. The company has market cap of $388.66 million. Barnes & Noble, Inc. operates as a retailer of books, content, digital media, and educational products. It has a 24.54 P/E ratio. 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.

Analysts await Barnes & Noble, Inc. (NYSE:BKS) to report earnings on March, 1. They expect $1.01 earnings per share, up 5.21% or $0.05 from last year’s $0.96 per share. BKS’s profit will be $73.37M for 1.32 P/E if the $1.01 EPS becomes a reality. After $-0.41 actual earnings per share reported by Barnes & Noble, Inc. for the previous quarter, Wall Street now forecasts -346.34% EPS growth.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Nomura given on Tuesday, September 8. The firm has “Neutral” rating given on Monday, October 9 by Citigroup. The firm earned “Neutral” rating on Tuesday, November 15 by Guggenheim. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 12. The rating was maintained by Jefferies on Friday, July 7 with “Buy”. Standpoint Research downgraded the shares of BAC in report on Thursday, December 1 to “Hold” rating. The firm earned “Buy” rating on Tuesday, July 18 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 1 by KBW. The rating was upgraded by Macquarie Research on Tuesday, September 1 to “Hold”. As per Monday, May 16, the company rating was downgraded by Wood.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Wilbanks Smith Thomas Asset Mngmt Ltd Liability reported 43,854 shares. Mitsubishi Ufj Tru And holds 20.70M shares or 0.97% of its portfolio. Moreover, Annex Advisory Services Ltd Liability Corp has 0.25% invested in Bank of America Corporation (NYSE:BAC). Roundview Capital Llc has 229,142 shares. Sterling Incorporated stated it has 4.01% in Bank of America Corporation (NYSE:BAC). Renaissance Technologies Llc, a New York-based fund reported 5.52M shares. Diligent Investors Limited Company invested in 0.53% or 28,599 shares. Finance Counselors Inc accumulated 90,613 shares. Verition Fund Ltd Liability Company holds 0.07% or 32,282 shares in its portfolio. Gm Advisory Gp Inc holds 0.23% of its portfolio in Bank of America Corporation (NYSE:BAC) for 29,364 shares. Dixon Hubard Feinour Brown Va, Virginia-based fund reported 25,721 shares. Girard Ptnrs invested in 34,209 shares or 0.18% of the stock. 500 are held by Barnett & Co Incorporated. Integral Derivatives Ltd Liability Co holds 160,939 shares or 0.07% of its portfolio. High Pointe Cap Mngmt Lc owns 88,200 shares.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity. 86,763 shares were sold by BRAMBLE FRANK P, worth $2.10M on Thursday, August 10.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 earnings per share, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80 billion for 16.95 P/E if the $0.46 EPS becomes a reality. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: