StockNews.com Upgrades Barnes & Noble Education (NYSE:BNED) to “Hold”

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a hold rating in a report published on Wednesday.

Barnes & Noble Education Trading Down 2.7 %

Shares of Barnes & Noble Education stock opened at $11.35 on Wednesday. The stock has a market capitalization of $342.93 million, a PE ratio of -0.34 and a beta of 2.10. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $226.00. The stock has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $9.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.42 and a current ratio of 1.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BNED. Geode Capital Management LLC lifted its stake in 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. DCF Advisers LLC purchased a new stake in shares of Barnes & Noble Education in the second quarter valued at about $496,000. State Street Corp raised 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 valued at $328,000 after purchasing an additional 10,300 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of Barnes & Noble Education during the third quarter valued at about $169,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

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.