Barnes & Noble Education (NYSE:BNED) Stock Rating Lowered by StockNews.com

Barnes & Noble Education (NYSE:BNED) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Barnes & Noble Education Stock Down 7.3 %

BNED stock opened at $10.60 on Monday. 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 $320.27 million, a PE ratio of -0.31 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 firm has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.25.

Hedge Funds Weigh In On Barnes & Noble Education

A number of hedge funds have recently modified their holdings of the stock. DCF Advisers LLC acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at $496,000. Centiva Capital LP purchased a new stake in Barnes & Noble Education during the third quarter valued at about $169,000. State Street Corp boosted its holdings 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 worth $328,000 after buying an additional 10,300 shares during the period. Geode Capital Management LLC increased its position in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after acquiring an additional 77,932 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Barnes & Noble Education during the fourth quarter valued at approximately $49,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Company 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.