683 Capital Management LLC Has $5.41 Million Stake in Barnes & Noble Education, Inc $BNED

Key Points

• 683 Capital Management LLC increased its stake in Barnes & Noble Education by 47.1% during the first quarter, owning 515,000 shares valued at approximately $5.4 million.
• Institutional investors and hedge funds collectively hold 38.51% of the company's stock, with several firms significantly boosting their positions during the preceding quarters.
• Analyst ratings for Barnes & Noble Education have shifted recently, with Wall Street Zen downgrading the stock from a "hold" to a "sell" rating.

683 Capital Management LLC grew its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 515,000 shares of the specialty retailer's stock after acquiring an additional 165,000 shares during the period. 683 Capital Management LLC owned 1.51% of Barnes & Noble Education worth $5,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Immersion Corp grew its holdings in shares of Barnes & Noble Education by 1.8% during the 1st quarter. Immersion Corp now owns 11,208,746 shares of the specialty retailer's stock valued at $117,692,000 after acquiring an additional 202,044 shares in the last quarter. Kanen Wealth Management LLC grew its holdings 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 acquiring an additional 724,683 shares in the last quarter. Greenhaven Road Investment Management L.P. grew its holdings 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 acquiring an additional 549,265 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Barnes & Noble Education by 143.0% during the 1st quarter. CenterBook Partners LP now owns 345,877 shares of the specialty retailer's stock valued at $3,632,000 after acquiring an additional 203,523 shares in the last quarter. Finally, DCF Advisers LLC grew its holdings in shares of Barnes & Noble Education by 16.9% during the 1st quarter. DCF Advisers LLC now owns 205,443 shares of the specialty retailer's stock valued at $2,157,000 after acquiring an additional 29,730 shares in the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Stock Up 1.7%

Shares of BNED stock traded up $0.15 on Friday, hitting $8.56. The company's stock had a trading volume of 214,853 shares, compared to its average volume of 306,762. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.81. Barnes & Noble Education, Inc has a fifty-two week low of $7.90 and a fifty-two week high of $14.40. The firm's fifty day moving average price is $9.50 and its 200-day moving average price is $10.04. The stock has a market capitalization of $291.33 million, a price-to-earnings ratio of -0.55 and a beta of 1.69.

Analyst Ratings Changes

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

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.