Millennium Management LLC Invests $534,000 in Barnes & Noble Education, Inc. (NYSE:BNED)

Millennium Management LLC purchased a new stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,200 shares of the specialty retailer's stock, valued at approximately $534,000. Millennium Management LLC owned approximately 0.18% of Barnes & Noble Education at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BNED. Quantbot Technologies LP acquired a new stake in shares of Barnes & Noble Education during the fourth quarter worth $34,000. Bank of America Corp DE boosted its holdings in Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock worth $62,000 after buying an additional 5,733 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Barnes & Noble Education by 362.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock worth $94,000 after buying an additional 7,310 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Barnes & Noble Education in the 4th quarter valued at about $122,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Barnes & Noble Education in the 4th quarter valued at approximately $127,000. 38.51% of the stock is owned by institutional investors and hedge funds.

Barnes & Noble Education Stock Down 4.1%

Barnes & Noble Education stock traded down $0.48 during midday trading on Thursday, reaching $11.15. The stock had a trading volume of 297,782 shares, compared to its average volume of 414,006. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. Barnes & Noble Education, Inc. has a 1-year low of $6.05 and a 1-year high of $14.41. The stock has a market capitalization of $379.70 million, a P/E ratio of -0.33 and a beta of 1.81. The firm's fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.48.

Wall Street Analysts Forecast Growth

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

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.