196,764 Shares in Barnes & Noble Education, Inc. (NYSE:BNED) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 196,764 shares of the specialty retailer's stock, valued at approximately $1,976,000. Renaissance Technologies LLC owned 0.65% of Barnes & Noble Education as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BNED. Aristides Capital LLC acquired a new stake in shares of Barnes & Noble Education during the 4th quarter valued at $155,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Barnes & Noble Education during the fourth quarter valued at approximately $247,000. ExodusPoint Capital Management LP purchased a new stake in shares of Barnes & Noble Education in the 4th quarter valued at approximately $186,000. Geode Capital Management LLC grew its position in Barnes & Noble Education by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 156,807 shares of the specialty retailer's stock worth $1,575,000 after purchasing an additional 3,968 shares in the last quarter. Finally, Diametric Capital LP raised its stake in Barnes & Noble Education by 108.2% during the 4th quarter. Diametric Capital LP now owns 22,042 shares of the specialty retailer's stock valued at $221,000 after purchasing an additional 11,453 shares during the period. Institutional investors own 38.51% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Tuesday, April 15th.

Barnes & Noble Education Stock Performance

Shares of BNED traded up $0.16 during trading hours on Thursday, reaching $10.69. 24,209 shares of the company traded hands, compared to its average volume of 420,030. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. The stock has a market cap of $364.04 million, a P/E ratio of -0.32 and a beta of 1.83. Barnes & Noble Education, Inc. has a 1-year low of $6.05 and a 1-year high of $135.00. The stock's fifty day moving average is $9.57 and its 200 day moving average is $10.25.

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.