Barnes & Noble Education (NYSE:BNED - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Monday.
Barnes & Noble Education Trading Up 1.4 %
NYSE BNED traded up $0.13 during trading on Monday, reaching $8.82. 294,198 shares of the stock traded hands, compared to its average volume of 409,728. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. The firm has a market cap of $300.19 million, a price-to-earnings ratio of -0.26 and a beta of 1.83. The stock's 50-day moving average price is $9.85 and its 200 day moving average price is $10.19.
Institutional Trading of Barnes & Noble Education
Several hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP acquired a new position in shares of Barnes & Noble Education in the third quarter valued at approximately $169,000. State Street Corp boosted its stake 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 purchasing an additional 10,300 shares during the period. Geode Capital Management LLC increased its holdings in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock worth $1,416,000 after purchasing an additional 77,932 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Barnes & Noble Education in the 4th quarter valued at about $49,000. Finally, Kanen Wealth Management LLC lifted its holdings 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 valued at $23,748,000 after purchasing an additional 784,576 shares in the last quarter. Institutional investors and hedge funds own 38.51% of the company's stock.
Barnes & Noble Education Company Profile
(
Get Free Report)
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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