Jean-Marie Eveillard Shed Barnes & Noble Shares

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Sep 10, 2009
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(GuruFocus, September 9, 2009) Investment Guru Jean-Marie Eveillard reduced holdings in Barnes & Noble Inc for his mutual fund First Eagle Global Fund. GuruFocus Real Time Data shows that Eveillard has sold 31% of his holding in the book seller at the price of about $20.69 per share on August 31, 2008. After the sale, Eveillard still owned 4.03 million shares.

Barnes & Noble Inc. is engaged in the retail sale of trade books. Barnes & Noble Inc. has a market cap of $1.2 billion; its shares were traded at around $21.09 with a P/E ratio of 13.6 and P/S ratio of 0.2. The dividend yield of Barnes & Noble Inc. stocks is 4.7%. Barnes & Noble Inc. had an annual average earning growth of 5.5% over the past 10 years.

Eveillard started to own 1.04 million shares of BKS in 2Q06 . He increased position dramatically starting form 4Q07 and by 4Q08, he owned a peak of 7.06 million shares. He started to reduce shares since then and at the end of 2Q09, he owned 5.9 million shares.

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