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

Barnes & Noble Education (NYSE:BNED) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Barnes & Noble Education Stock Performance

Shares of BNED opened at $9.25 on Tuesday. The firm has a market cap of $315.00 million, a P/E ratio of -0.27 and a beta of 1.83. Barnes & Noble Education has a twelve month low of $6.05 and a twelve month high of $135.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. The firm’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $10.18.

Institutional Trading of Barnes & Noble Education

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Barnes & Noble Education during the fourth quarter worth $34,000. FNY Investment Advisers LLC acquired a new position in shares of Barnes & Noble Education during the 4th quarter worth about $49,000. Bank of America Corp DE grew its holdings in shares of Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 5,733 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Barnes & Noble Education by 362.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Barnes & Noble Education during the fourth quarter worth about $122,000. Institutional investors and hedge funds 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.