Cubist Systematic Strategies LLC Takes $481,000 Position in Barnes & Noble Education, Inc. (NYSE:BNED)

Cubist Systematic Strategies LLC acquired a new stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,897 shares of the specialty retailer's stock, valued at approximately $481,000. Cubist Systematic Strategies LLC owned approximately 0.16% of Barnes & Noble Education as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Kanen Wealth Management LLC lifted its position in shares of Barnes & Noble Education by 49.6% in the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer's stock worth $23,748,000 after buying an additional 784,576 shares in the last quarter. Greenhaven Road Investment Management L.P. purchased a new stake in shares of Barnes & Noble Education in the fourth quarter worth about $5,220,000. 683 Capital Management LLC lifted its position in shares of Barnes & Noble Education by 250.0% in the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer's stock worth $3,514,000 after buying an additional 250,000 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Barnes & Noble Education by 2,751.4% in the fourth quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock worth $3,056,000 after buying an additional 293,662 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its position in shares of Barnes & Noble Education by 383.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock worth $2,912,000 after buying an additional 230,000 shares in the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Wednesday.

Barnes & Noble Education Trading Up 1.1%

BNED stock traded up $0.12 during midday trading on Thursday, reaching $10.62. 34,207 shares of the company traded hands, compared to its average volume of 424,416. Barnes & Noble Education, Inc. has a 52-week low of $6.05 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. The business has a 50 day moving average of $9.98 and a 200-day moving average of $10.33. The firm has a market capitalization of $361.48 million, a price-to-earnings ratio of -0.31 and a beta of 1.74.

Barnes & Noble Education 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.