Greenhaven Road Investment Management L.P. Raises Holdings in Barnes & Noble Education, Inc (NYSE:BNED)

Greenhaven Road Investment Management L.P. raised its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 105.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,069,162 shares of the specialty retailer's stock after purchasing an additional 549,265 shares during the period. Barnes & Noble Education accounts for 4.6% of Greenhaven Road Investment Management L.P.'s portfolio, making the stock its 9th largest holding. Greenhaven Road Investment Management L.P. owned 3.14% of Barnes & Noble Education worth $11,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Barnes & Noble Education in the 4th quarter valued at approximately $718,000. Millennium Management LLC acquired a new position in Barnes & Noble Education during the 4th quarter worth approximately $534,000. Renaissance Technologies LLC acquired a new position in Barnes & Noble Education during the 4th quarter worth approximately $1,976,000. Kanen Wealth Management LLC raised its stake 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 worth $32,445,000 after purchasing an additional 724,683 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Barnes & Noble Education during the 4th quarter worth approximately $584,000. Institutional investors and hedge funds own 38.51% of the company's stock.

Wall Street Analyst Weigh In

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

Barnes & Noble Education Trading Up 6.8%

BNED stock traded up $0.59 during mid-day trading on Wednesday, reaching $9.25. The company's stock had a trading volume of 609,636 shares, compared to its average volume of 383,525. The company has a market cap of $314.96 million, a price-to-earnings ratio of -0.60 and a beta of 1.78. Barnes & Noble Education, Inc has a 12 month low of $7.90 and a 12 month high of $14.41. The business's 50 day moving average price is $11.30 and its 200 day moving average price is $10.55. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

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.