Barnes & Noble Education (NYSE:BNED) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a hold rating in a report released on Wednesday morning.

Barnes & Noble Education Trading Down 3.6 %

NYSE BNED opened at $9.77 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $266.62 million, a P/E ratio of 0.94 and a beta of 2.10. The business has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $14.73. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $226.00.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The firm had revenue of $263.43 million for the quarter.

Institutional Trading of Barnes & Noble Education

A number of institutional investors and hedge funds have recently modified their holdings of BNED. Geode Capital Management LLC grew its stake in Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 77,932 shares during the period. DCF Advisers LLC purchased a new position in shares of Barnes & Noble Education in the 2nd quarter worth about $496,000. Virtu Financial LLC bought a new position in Barnes & Noble Education during the first quarter valued at about $56,000. State Street Corp increased its holdings 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 worth $328,000 after buying an additional 10,300 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Barnes & Noble Education in the third quarter worth about $169,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

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.