Kanen Wealth Management LLC Increases Stake in Barnes & Noble Education, Inc. (NYSE:BNED)

Kanen Wealth Management LLC grew its stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,090,043 shares of the specialty retailer's stock after purchasing an additional 724,683 shares during the quarter. Barnes & Noble Education makes up about 13.0% of Kanen Wealth Management LLC's holdings, making the stock its 2nd largest position. Kanen Wealth Management LLC owned approximately 9.07% of Barnes & Noble Education worth $32,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Greenhaven Road Investment Management L.P. bought a new position in shares of Barnes & Noble Education during the 4th quarter worth approximately $5,220,000. Marshall Wace LLP lifted its holdings in Barnes & Noble Education by 2,751.4% during the fourth quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock worth $3,056,000 after acquiring an additional 293,662 shares during the period. 683 Capital Management LLC lifted its holdings in Barnes & Noble Education by 250.0% during the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer's stock worth $3,514,000 after acquiring an additional 250,000 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in shares of Barnes & Noble Education by 383.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock worth $2,912,000 after purchasing an additional 230,000 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Barnes & Noble Education during the 4th quarter worth $1,976,000. Institutional investors own 38.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

Barnes & Noble Education Stock Performance

BNED stock traded down $0.42 during mid-day trading on Thursday, hitting $11.21. The company had a trading volume of 232,086 shares, compared to its average volume of 413,801. The firm has a market cap of $381.75 million, a PE ratio of -0.33 and a beta of 1.81. 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 12 month low of $6.05 and a 12 month high of $14.41. The stock's fifty day moving average price is $10.43 and its two-hundred day moving average price is $10.48.

About Barnes & Noble Education

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.