Barnes & Noble Education, Inc (NYSE:BNED) Shares Acquired by Greenhaven Road Investment Management L.P.

Greenhaven Road Investment Management L.P. increased its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED - Free Report) by 105.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,069,162 shares of the specialty retailer's stock after acquiring an additional 549,265 shares during the period. Barnes & Noble Education comprises approximately 4.6% of Greenhaven Road Investment Management L.P.'s investment 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $718,000. Millennium Management LLC acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $534,000. Renaissance Technologies LLC acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $1,976,000. Kanen Wealth Management LLC grew its position in Barnes & Noble Education by 30.6% during 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $584,000. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Price Performance

Shares of BNED traded down $0.13 during trading hours on Tuesday, reaching $8.74. The stock had a trading volume of 966,978 shares, compared to its average volume of 381,881. Barnes & Noble Education, Inc has a 12 month low of $7.90 and a 12 month high of $14.41. The stock has a market capitalization of $297.73 million, a PE ratio of -0.56 and a beta of 1.78. 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 company's 50-day moving average is $11.39 and its two-hundred day moving average is $10.57.

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 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.