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

Barnes & Noble Education (NYSE:BNED) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Barnes & Noble Education Stock Performance

NYSE:BNED traded up $1.53 on Monday, hitting $11.47. The company’s stock had a trading volume of 1,124,208 shares, compared to its average volume of 784,301. Barnes & Noble Education has a one year low of $6.05 and a one year high of $135.00. The firm has a market capitalization of $346.55 million, a P/E ratio of -0.34 and a beta of 2.12. The stock has a fifty day moving average of $10.58 and a two-hundred day moving average of $10.21. The company has a current ratio of 1.31, a quick ratio of 0.42 and a debt-to-equity ratio of 0.87.

Institutional Trading of Barnes & Noble Education

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares during the period. DCF Advisers LLC bought a new position in shares of Barnes & Noble Education during the second quarter worth approximately $496,000. Centiva Capital LP acquired a new stake in shares of Barnes & Noble Education in the third quarter valued at approximately $169,000. State Street Corp boosted its stake in shares of Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $49,000. 38.51% of the stock is owned by institutional investors and hedge funds.

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.