Barnes & Noble Education (NYSE:BNED) Downgraded by StockNews.com to “Sell”

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

Barnes & Noble Education Trading Up 15.4 %

Shares of NYSE:BNED traded up $1.53 during midday trading on Monday, hitting $11.47. 1,124,208 shares of the stock were exchanged, compared to its average volume of 784,301. The stock has a market capitalization of $346.55 million, a price-to-earnings ratio of -0.34 and a beta of 2.12. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $135.00. The business’s 50-day moving average price is $10.58 and its 200 day moving average price is $10.21. 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 Trading of Barnes & Noble Education

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after buying an additional 77,932 shares during the last quarter. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education in the second quarter valued at approximately $496,000. State Street Corp boosted its holdings in Barnes & Noble Education by 40.9% in the 3rd 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 period. Centiva Capital LP bought a new stake in Barnes & Noble Education during the 3rd quarter valued at $169,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Barnes & Noble Education during the fourth quarter worth $49,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

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.