Stock Traders Buy Large Volume of Barnes & Noble Education Call Options (NYSE:BNED)

Barnes & Noble Education, Inc. (NYSE:BNEDGet Free Report) was the target of some unusual options trading on Wednesday. Traders bought 30,011 call options on the stock. This is an increase of 282% compared to the average daily volume of 7,852 call options.

Institutional Investors Weigh In On Barnes & Noble Education

Hedge funds and other institutional investors have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. boosted its position in shares of Barnes & Noble Education by 1.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after buying an additional 90,003 shares during the period. Virtu Financial LLC acquired a new stake in Barnes & Noble Education during the first quarter valued at approximately $56,000. Finally, PEAK6 Investments LLC grew its holdings in shares of Barnes & Noble Education by 258.6% during the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 33,539 shares during the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on Barnes & Noble Education in a report on Monday, May 27th. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a report on Friday, May 24th.

Check Out Our Latest Stock Report on BNED

Barnes & Noble Education Price Performance

Shares of NYSE BNED traded down $0.13 during trading on Wednesday, reaching $0.29. The company had a trading volume of 22,523,774 shares, compared to its average volume of 9,240,188. Barnes & Noble Education has a twelve month low of $0.15 and a twelve month high of $2.26. The stock has a market capitalization of $15.37 million, a PE ratio of -0.19 and a beta of 2.22. The stock has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.83. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31.

Barnes & Noble Education (NYSE:BNEDGet Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. The business had revenue of $456.67 million during the quarter. Barnes & Noble Education had a negative net margin of 5.22% and a negative return on equity of 51.52%.

About Barnes & Noble Education

(Get Free Report)

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.

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