Wall Street Zen Downgrades Barnes & Noble Education (NYSE:BNED) to Sell

Barnes & Noble Education (NYSE:BNED) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Barnes & Noble Education Trading Up 1.1%

BNED stock opened at $10.62 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. The company has a market capitalization of $361.59 million, a price-to-earnings ratio of -0.31 and a beta of 1.74. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $85.84. The business has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.34.

Institutional Investors Weigh In On Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in BNED. Goldman Sachs Group Inc. lifted its holdings in shares of Barnes & Noble Education by 96.6% during the first quarter. Goldman Sachs Group Inc. now owns 104,205 shares of the specialty retailer’s stock worth $1,094,000 after purchasing an additional 51,190 shares during the period. Josh Arnold Investment Consultant LLC acquired a new position in shares of Barnes & Noble Education in the 1st quarter valued at $144,000. 683 Capital Management LLC lifted its stake in Barnes & Noble Education by 47.1% during the 1st quarter. 683 Capital Management LLC now owns 515,000 shares of the specialty retailer’s stock worth $5,408,000 after acquiring an additional 165,000 shares in the last quarter. Immersion Corp lifted its stake in Barnes & Noble Education by 1.8% during the 1st quarter. Immersion Corp now owns 11,208,746 shares of the specialty retailer’s stock worth $117,692,000 after acquiring an additional 202,044 shares in the last quarter. Finally, Caption Management LLC increased its holdings in Barnes & Noble Education by 363.2% during the 1st quarter. Caption Management LLC now owns 10,723 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 8,408 shares during the period. 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.