Barnes & Noble Education (NYSE:BNED) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research note released on Saturday morning.

Barnes & Noble Education Stock Down 4.0 %

Shares of NYSE:BNED opened at $10.09 on Friday. The firm has a fifty day moving average price of $10.31 and a two-hundred day moving average price of $10.30. The company has a market cap of $343.43 million, a price-to-earnings ratio of -0.30 and a beta of 2.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. Barnes & Noble Education has a one year low of $6.05 and a one year high of $135.00.

Hedge Funds Weigh In On Barnes & Noble Education

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC boosted its holdings in shares of Barnes & Noble Education by 49.6% in the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $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 worth approximately $5,220,000. Marshall Wace LLP boosted its stake in Barnes & Noble Education by 2,751.4% in the fourth 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 in the last quarter. 683 Capital Management LLC grew its position in Barnes & Noble Education by 250.0% during the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer’s stock valued at $3,514,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its stake in shares of Barnes & Noble Education by 383.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer’s stock worth $2,912,000 after acquiring an additional 230,000 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

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.