Geode Capital Management LLC Acquires 77,932 Shares of Barnes & Noble Education, Inc. (NYSE:BNED)

Geode Capital Management LLC boosted its holdings in Barnes & Noble Education, Inc. (NYSE:BNED) by 104.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,839 shares of the specialty retailer’s stock after purchasing an additional 77,932 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Barnes & Noble Education worth $1,416,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BNED. Centiva Capital LP acquired a new position in Barnes & Noble Education during the 3rd quarter worth approximately $169,000. State Street Corp increased its holdings in shares of Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 10,300 shares in the last quarter. Finally, DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education during the second quarter valued at approximately $496,000. 38.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th.

Barnes & Noble Education Stock Performance

Shares of BNED opened at $9.87 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.42. The firm has a market cap of $298.21 million, a PE ratio of -0.29 and a beta of 2.12. Barnes & Noble Education, Inc. has a 1 year low of $6.05 and a 1 year high of $226.00. The stock’s fifty day moving average price is $10.56 and its two-hundred day moving average price is $10.15.

Barnes & Noble Education Profile

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.