683 Capital Management LLC Raises Stock Holdings in Barnes & Noble Education, Inc. (NYSE:BNED)

683 Capital Management LLC grew its holdings in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 250.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 350,000 shares of the specialty retailer's stock after acquiring an additional 250,000 shares during the quarter. 683 Capital Management LLC owned 1.16% of Barnes & Noble Education worth $3,514,000 at the end of the most recent reporting period.

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

Barnes & Noble Education Stock Performance

Shares of NYSE:BNED traded up $0.05 during trading on Wednesday, hitting $10.31. 48,072 shares of the stock traded hands, compared to its average volume of 422,816. The company has a fifty day moving average price of $9.61 and a two-hundred day moving average price of $10.27. Barnes & Noble Education, Inc. has a 52-week low of $6.05 and a 52-week high of $135.00. The company has a market cap of $350.96 million, a price-to-earnings ratio of -0.31 and a beta of 1.74. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Tuesday, April 15th.

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.