Barnes & Noble Education (NYSE:BNED) Raised to “Hold” at StockNews.com

Barnes & Noble Education (NYSE:BNED) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Barnes & Noble Education Price Performance

Barnes & Noble Education stock opened at $11.17 on Tuesday. The stock has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $10.41. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $135.00. The company has a market capitalization of $337.49 million, a PE ratio of -0.33 and a beta of 2.12. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Barnes & Noble Education

Hedge funds have recently modified their holdings of the business. Kanen Wealth Management LLC lifted its holdings in Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after buying an additional 784,576 shares during the period. Geode Capital Management LLC lifted its stake in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after acquiring an additional 77,932 shares during the period. Centiva Capital LP bought a new stake in Barnes & Noble Education in the third quarter valued at approximately $169,000. State Street Corp increased its position in Barnes & Noble Education by 40.9% during the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 10,300 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Barnes & Noble Education during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

Barnes & Noble Education Company 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.