StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED – Free Report) from a sell rating to a hold rating in a research report released on Monday.
Barnes & Noble Education Stock Up 9.9 %
BNED stock opened at $9.14 on Monday. Barnes & Noble Education has a one year low of $6.05 and a one year 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 has a market cap of $311.25 million, a PE ratio of -0.27 and a beta of 1.83. The firm’s 50 day moving average price is $9.95 and its 200-day moving average price is $10.19.
Hedge Funds Weigh In On Barnes & Noble Education
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Barnes & Noble Education during the fourth quarter worth $34,000. FNY Investment Advisers LLC acquired a new stake in Barnes & Noble Education in the fourth quarter valued at approximately $49,000. Bank of America Corp DE lifted its stake in Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 5,733 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Barnes & Noble Education by 362.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Barnes & Noble Education during the 4th quarter worth about $122,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
About Barnes & Noble Education
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.
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