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

StockNews.com lowered shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a report released on Monday.

Barnes & Noble Education Trading Up 15.4 %

Shares of BNED stock opened at $11.47 on Monday. Barnes & Noble Education has a 1 year low of $6.05 and a 1 year high of $135.00. The company’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $10.21. 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 stock has a market capitalization of $346.55 million, a price-to-earnings ratio of -0.34 and a beta of 2.12.

Hedge Funds Weigh In On Barnes & Noble Education

A number of institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in shares of Barnes & Noble Education in the 4th quarter worth about $49,000. Centiva Capital LP purchased a new stake in Barnes & Noble Education in the third quarter worth approximately $169,000. State Street Corp raised its stake 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 worth $328,000 after acquiring an additional 10,300 shares in the last quarter. DCF Advisers LLC purchased a new position in shares of Barnes & Noble Education during the second quarter worth approximately $496,000. Finally, Geode Capital Management LLC boosted its stake in shares of Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 77,932 shares in the last quarter. Institutional investors own 38.51% of the company’s stock.

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.