Barnes & Noble Education's (BNED) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• Barnes & Noble Education has had its "sell (e+)" rating reaffirmed by Weiss Ratings, indicating a negative outlook for investors.
• The company's stock rose by 1.3% during trading, with a price of $9.48, and a significant difference between its one-year low of $7.90 and high of $14.40.
• Institutional investors own 38.51% of Barnes & Noble Education's stock, with notable recent purchases from several large investment firms.

Barnes & Noble Education (NYSE:BNED - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Barnes & Noble Education Stock Up 1.3%

NYSE BNED traded up $0.13 during trading hours on Friday, reaching $9.48. 118,324 shares of the company's stock were exchanged, compared to its average volume of 373,528. The company's 50-day moving average is $9.04 and its two-hundred day moving average is $9.94. Barnes & Noble Education has a one year low of $7.90 and a one year high of $14.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.42. The company has a market capitalization of $322.62 million, a price-to-earnings ratio of -0.61 and a beta of 1.80.

Institutional Trading of Barnes & Noble Education

Large investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in Barnes & Noble Education during the 2nd quarter worth approximately $40,000. Cloud Capital Management LLC bought a new stake in Barnes & Noble Education during the 1st quarter worth approximately $60,000. Bank of America Corp DE increased its stake in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock worth $62,000 after purchasing an additional 5,733 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Barnes & Noble Education by 81.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer's stock worth $74,000 after acquiring an additional 2,834 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Barnes & Noble Education during the 1st quarter worth approximately $94,000. 38.51% of the stock is owned by institutional investors.

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.

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