Quantbot Technologies LP Acquires New Shares in Barnes & Noble Education, Inc. (NYSE:BNED)

Quantbot Technologies LP bought a new position in shares of Barnes & Noble Education, Inc. (NYSE:BNED) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,360 shares of the specialty retailer’s stock, valued at approximately $34,000.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares in the last quarter. AMH Equity Ltd bought a new position in Barnes & Noble Education in the fourth quarter valued at about $803,000. Kanen Wealth Management LLC boosted its stake in shares of Barnes & Noble Education by 49.6% during the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after purchasing an additional 784,576 shares in the last quarter. DCF Advisers LLC grew its holdings in shares of Barnes & Noble Education by 107.9% during the fourth quarter. DCF Advisers LLC now owns 175,713 shares of the specialty retailer’s stock worth $1,764,000 after purchasing an additional 91,213 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Price Performance

BNED stock opened at $10.39 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $10.29. Barnes & Noble Education, Inc. has a 12-month low of $6.05 and a 12-month high of $135.00. The firm has a market cap of $353.79 million, a price-to-earnings ratio of -0.31 and a beta of 2.23.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Saturday.

Barnes & Noble Education 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.