StockNews.com downgraded shares of Barnes & Noble Education (NYSE:BNED - Free Report) from a hold rating to a sell rating in a report published on Tuesday.
Barnes & Noble Education Stock Performance
NYSE:BNED traded up $0.12 during mid-day trading on Tuesday, hitting $9.35. 203,922 shares of the company's stock traded hands, compared to its average volume of 415,844. The firm has a market capitalization of $318.30 million, a price-to-earnings ratio of -0.28 and a beta of 1.83. The firm has a 50 day moving average of $9.68 and a two-hundred day moving average of $10.20. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $135.00.
Institutional Investors Weigh In On Barnes & Noble Education
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kanen Wealth Management LLC boosted its holdings in Barnes & Noble Education by 30.6% in the 1st quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer's stock valued at $32,445,000 after purchasing an additional 724,683 shares during the period. Greenhaven Road Investment Management L.P. acquired a new position in shares of Barnes & Noble Education during the fourth quarter valued at about $5,220,000. 683 Capital Management LLC lifted its stake 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 valued at $3,514,000 after buying an additional 250,000 shares during the period. Marshall Wace LLP grew its position in Barnes & Noble Education by 2,751.4% during 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. increased its stake in Barnes & Noble Education by 383.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock valued at $2,912,000 after acquiring an additional 230,000 shares during the period. Institutional investors and hedge funds own 38.51% of the company's stock.
Barnes & Noble Education Company Profile
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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.
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