AlphaQuest LLC Purchases Shares of 8,968 Barnes & Noble Education, Inc $BNED

AlphaQuest LLC bought a new position in shares of Barnes & Noble Education, Inc (NYSE:BNED) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,968 shares of the specialty retailer’s stock, valued at approximately $94,000.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 5,733 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of Barnes & Noble Education during the first quarter worth approximately $60,000. Tower Research Capital LLC TRC lifted its position in shares of Barnes & Noble Education by 362.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 7,310 shares in the last quarter. Invesco Ltd. lifted its position in shares of Barnes & Noble Education by 32.6% during the first quarter. Invesco Ltd. now owns 34,228 shares of the specialty retailer’s stock worth $359,000 after purchasing an additional 8,410 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Barnes & Noble Education during the fourth quarter worth approximately $122,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Trading Up 2.1%

BNED opened at $8.81 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.81. The company has a market cap of $299.98 million, a price-to-earnings ratio of -0.57 and a beta of 1.69. The firm has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $10.09. Barnes & Noble Education, Inc has a fifty-two week low of $7.90 and a fifty-two week high of $14.40.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st.

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.