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 research note released on Wednesday.

Barnes & Noble Education Price Performance

Shares of BNED opened at $9.94 on Wednesday. The firm’s 50-day simple moving average is $10.48 and its two-hundred day simple moving average is $9.82. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $226.00. The stock has a market cap of $300.33 million, a PE ratio of -0.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.42 and a current ratio of 1.31.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. DCF Advisers LLC bought a new position in shares of Barnes & Noble Education during the second quarter valued at $496,000. Centiva Capital LP purchased a new stake in Barnes & Noble Education during the 3rd quarter valued at about $169,000. Geode Capital Management LLC increased its stake 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 purchasing an additional 77,932 shares in the last quarter. Finally, State Street Corp raised its holdings in Barnes & Noble Education by 40.9% in 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. Hedge funds and other 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.