Barnes & Noble Education (NYSE:BNED) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research report report published on Tuesday.

Barnes & Noble Education Stock Up 2.5 %

NYSE:BNED opened at $9.37 on Tuesday. The company’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $10.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The stock has a market capitalization of $319.09 million, a P/E ratio of -0.28 and a beta of 1.83.

Institutional Trading of Barnes & Noble Education

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its position in Barnes & Noble Education by 40.9% during the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Barnes & Noble Education in the 4th quarter valued at approximately $49,000. Kanen Wealth Management LLC boosted its stake in Barnes & Noble Education by 49.6% in the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after purchasing an additional 784,576 shares in the last quarter. Finally, AMH Equity Ltd purchased a new stake in Barnes & Noble Education during the 4th quarter worth approximately $803,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.