Barnes & Noble Education (NYSE:BNED) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research report report published on Monday.

Barnes & Noble Education Stock Performance

NYSE:BNED opened at $11.47 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.42 and a current ratio of 1.31. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The firm has a market cap of $346.55 million, a PE ratio of -0.34 and a beta of 2.12. The business has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.21.

Institutional Trading of Barnes & Noble Education

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNED. DCF Advisers LLC bought a new position in shares of Barnes & Noble Education during the second quarter valued at approximately $496,000. Geode Capital Management LLC increased its position in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares in the last quarter. State Street Corp raised its stake in Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Barnes & Noble Education in the third quarter worth $169,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Barnes & Noble Education during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.