Barnes & Noble Education, Inc. (NYSE:BNED) is Kanen Wealth Management LLC’s 4th Largest Position

Kanen Wealth Management LLC lifted its holdings in shares of Barnes & Noble Education, Inc. (NYSE:BNED) by 49.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,365,360 shares of the specialty retailer’s stock after purchasing an additional 784,576 shares during the quarter. Barnes & Noble Education comprises about 8.8% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Kanen Wealth Management LLC owned about 7.83% of Barnes & Noble Education worth $23,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BNED. Centiva Capital LP purchased a new position in Barnes & Noble Education in the third quarter valued at approximately $169,000. State Street Corp raised its position in 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 period. Geode Capital Management LLC lifted its stake in shares of Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after purchasing an additional 77,932 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Barnes & Noble Education in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Monday, January 13th.

Barnes & Noble Education Stock Performance

Shares of BNED stock opened at $11.17 on Monday. The company has a market cap of $337.45 million, a P/E ratio of -0.33 and a beta of 2.12. The business has a 50 day moving average of $10.69 and a two-hundred day moving average of $10.38. Barnes & Noble Education, Inc. has a 52 week low of $6.05 and a 52 week high of $135.00. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

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.