53,200 Shares in Barnes & Noble Education, Inc. (NYSE:BNED) Bought by Millennium Management LLC

Millennium Management LLC bought a new position in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 53,200 shares of the specialty retailer's stock, valued at approximately $534,000. Millennium Management LLC owned 0.18% of Barnes & Noble Education as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in Barnes & Noble Education in the 4th quarter worth $34,000. Geode Capital Management LLC increased its position in shares of Barnes & Noble Education by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 156,807 shares of the specialty retailer's stock valued at $1,575,000 after acquiring an additional 3,968 shares during the period. Bank of America Corp DE increased its position in shares of Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after acquiring an additional 5,733 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Barnes & Noble Education by 362.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock valued at $94,000 after acquiring an additional 7,310 shares during the period. Finally, Diametric Capital LP increased its position in shares of Barnes & Noble Education by 108.2% in the fourth quarter. Diametric Capital LP now owns 22,042 shares of the specialty retailer's stock valued at $221,000 after acquiring an additional 11,453 shares during the period. Hedge funds and other institutional investors own 38.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Barnes & Noble Education Price Performance

BNED stock opened at $11.81 on Monday. The firm's 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.45. Barnes & Noble Education, Inc. has a 12-month low of $6.05 and a 12-month high of $18.84. The stock has a market capitalization of $402.28 million, a price-to-earnings ratio of -0.35 and a beta of 1.81. 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 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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