Barnes & Noble Education (NYSE:BNED) Cut 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 note released on Tuesday morning.

Barnes & Noble Education Stock Up 1.3 %

Shares of Barnes & Noble Education stock opened at $9.35 on Tuesday. The stock’s 50-day moving average is $9.72 and its 200 day moving average is $10.18. Barnes & Noble Education has a one year low of $6.05 and a one year high of $135.00. The firm has a market cap of $318.30 million, a price-to-earnings ratio of -0.28 and a beta of 1.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71.

Institutional Trading of Barnes & Noble Education

Several hedge funds have recently modified their holdings of the stock. Kanen Wealth Management LLC increased its stake in Barnes & Noble Education by 49.6% in the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after purchasing an additional 784,576 shares in the last quarter. Greenhaven Road Investment Management L.P. bought a new stake in Barnes & Noble Education in the 4th quarter valued at about $5,220,000. Marshall Wace LLP raised its stake in Barnes & Noble Education by 2,751.4% during the 4th quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer’s stock worth $3,056,000 after buying an additional 293,662 shares during the period. 683 Capital Management LLC boosted its holdings in Barnes & Noble Education by 250.0% in the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer’s stock worth $3,514,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its stake in Barnes & Noble Education by 383.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer’s stock valued at $2,912,000 after acquiring an additional 230,000 shares during the period. Institutional investors 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.