Geode Capital Management LLC Increases Stock Holdings in Barnes & Noble Education, Inc. (NYSE:BNED)

Geode Capital Management LLC increased its position in Barnes & Noble Education, Inc. (NYSE:BNED) by 104.0% in the third quarter, Holdings Channel.com reports. The fund owned 152,839 shares of the specialty retailer’s stock after acquiring an additional 77,932 shares during the quarter. Geode Capital Management LLC’s holdings in Barnes & Noble Education were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BNED. State Street Corp raised its holdings in shares of Barnes & Noble Education by 40.9% in the 3rd 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. Centiva Capital LP bought a new position in shares of Barnes & Noble Education in the third quarter worth approximately $169,000. Finally, DCF Advisers LLC bought a new position in shares of Barnes & Noble Education in the second quarter worth approximately $496,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Analyst Ratings Changes

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

Barnes & Noble Education Trading Down 3.5 %

Shares of BNED stock opened at $9.87 on Friday. The business has a 50-day moving average price of $10.56 and a two-hundred day moving average price of $10.15. Barnes & Noble Education, Inc. has a 12-month low of $6.05 and a 12-month high of $226.00. The company has a quick ratio of 0.42, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. The firm has a market cap of $298.21 million, a P/E ratio of -0.29 and a beta of 2.12.

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.