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

Key Points

• Barnes & Noble Education's stock has been reiterated with a "sell (E+)" rating by Weiss Ratings, indicating continued pessimism from analysts regarding the company's performance.
• The company's stock price recently rose to $9.55, with trading volume below its average, revealing potential concerns about investor interest.
• Institutional investors own 38.51% of Barnes & Noble Education's stock, with significant purchases made by several hedge funds in recent months, indicating mixed investor sentiment.

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

Barnes & Noble Education Trading Up 1.4%

Shares of NYSE BNED traded up $0.13 during trading hours on Wednesday, reaching $9.55. The stock had a trading volume of 137,762 shares, compared to its average volume of 384,744. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The business's fifty day moving average price is $8.84 and its two-hundred day moving average price is $9.99. The firm has a market cap of $325.18 million, a price-to-earnings ratio of -0.62 and a beta of 1.80. Barnes & Noble Education has a 52-week low of $7.90 and a 52-week high of $14.40.

Hedge Funds Weigh In On Barnes & Noble Education

Several hedge funds and other institutional investors have recently bought and sold shares of BNED. Bank of America Corp DE grew its stake in shares of 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 during the period. Kanen Wealth Management LLC lifted its position in shares of Barnes & Noble Education by 30.6% during 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 buying an additional 724,683 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Barnes & Noble Education during the 1st quarter valued at approximately $60,000. Greenhaven Road Investment Management L.P. lifted its position in shares of Barnes & Noble Education by 105.6% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 1,069,162 shares of the specialty retailer's stock valued at $11,226,000 after buying an additional 549,265 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Barnes & Noble Education during the 1st quarter valued at approximately $468,000. Institutional investors and hedge funds own 38.51% of the company's stock.

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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