XTX Topco Ltd Buys New Stake in Barnes & Noble Education, Inc (NYSE:BNED)

Key Points

• XTX Topco Ltd acquired 44,582 shares of Barnes & Noble Education, Inc, valued at approximately $468,000, representing 0.13% ownership as of the latest quarter.
• Several institutional investors, including Kanen Wealth Management LLC and Greenhaven Road Investment Management L.P., significantly increased their stakes in the company during the first quarter.
• Shares of Barnes & Noble Education trade at $8.66, with a market cap of $294.87 million, but recently received a downgrade from a "hold" to a "sell" rating by analysts at Wall Street Zen.

XTX Topco Ltd purchased a new position in Barnes & Noble Education, Inc (NYSE:BNED - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,582 shares of the specialty retailer's stock, valued at approximately $468,000. XTX Topco Ltd owned about 0.13% of Barnes & Noble Education at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at $60,000. Bank of America Corp DE grew its holdings in shares of Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after buying an additional 5,733 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Barnes & Noble Education by 362.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock valued at $94,000 after buying an additional 7,310 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Barnes & Noble Education during the fourth quarter valued at $122,000. Finally, ExodusPoint Capital Management LP acquired a new position in Barnes & Noble Education during the fourth quarter valued at $186,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Barnes & Noble Education Stock Performance

NYSE BNED traded up $0.04 on Tuesday, reaching $8.19. 72,776 shares of the company's stock traded hands, compared to its average volume of 407,493. The firm has a market cap of $278.87 million, a price-to-earnings ratio of -0.53 and a beta of 1.68. The stock has a 50 day moving average price of $10.65 and a 200-day moving average price of $10.36. Barnes & Noble Education, Inc has a fifty-two week low of $7.90 and a fifty-two week high of $14.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.42.

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.