CenterBook Partners LP Increases Stake in Barnes & Noble Education, Inc (NYSE:BNED)

CenterBook Partners LP grew its position in Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 143.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 345,877 shares of the specialty retailer's stock after buying an additional 203,523 shares during the period. CenterBook Partners LP owned approximately 1.02% of Barnes & Noble Education worth $3,632,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Kanen Wealth Management LLC raised its holdings in Barnes & Noble Education by 30.6% in the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer's stock worth $32,445,000 after buying an additional 724,683 shares during the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Barnes & Noble Education by 105.6% in the first quarter. Greenhaven Road Investment Management L.P. now owns 1,069,162 shares of the specialty retailer's stock worth $11,226,000 after buying an additional 549,265 shares during the last quarter. 683 Capital Management LLC raised its holdings in Barnes & Noble Education by 250.0% in the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer's stock worth $3,514,000 after buying an additional 250,000 shares during the last quarter. Marshall Wace LLP raised its holdings in Barnes & Noble Education by 2,751.4% in the fourth quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock worth $3,056,000 after buying an additional 293,662 shares during the last quarter. Finally, DCF Advisers LLC raised its holdings in Barnes & Noble Education by 16.9% in the first quarter. DCF Advisers LLC now owns 205,443 shares of the specialty retailer's stock worth $2,157,000 after buying an additional 29,730 shares during the last quarter. 38.51% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education Stock Performance

Shares of BNED traded down $0.37 during mid-day trading on Friday, hitting $11.26. 209,242 shares of the company traded hands, compared to its average volume of 375,288. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.42. The stock has a 50-day moving average price of $11.37 and a two-hundred day moving average price of $10.56. Barnes & Noble Education, Inc has a 1 year low of $7.90 and a 1 year high of $14.40. The stock has a market cap of $383.40 million, a price-to-earnings ratio of -0.73 and a beta of 1.78.

Wall Street Analyst Weigh In

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 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.