Barnes & Noble Education (NYSE:BNED) Cut to Sell at StockNews.com

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

Barnes & Noble Education Stock Performance

Shares of BNED opened at $10.87 on Monday. Barnes & Noble Education has a 1 year low of $6.05 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.42. The stock’s fifty day moving average price is $10.69 and its two-hundred day moving average price is $10.28. The firm has a market cap of $328.43 million, a PE ratio of -0.32 and a beta of 2.12.

Hedge Funds Weigh In On Barnes & Noble Education

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

About Barnes & Noble Education

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.