Barnes & Noble Education (NYSE:BNED) Cut to “Sell” at StockNews.com

Barnes & Noble Education (NYSE:BNED) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Barnes & Noble Education Stock Up 2.5 %

Shares of BNED traded up $0.23 during mid-day trading on Tuesday, hitting $9.37. 264,818 shares of the company’s stock were exchanged, compared to its average volume of 412,047. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $135.00. The company has a market cap of $319.09 million, a PE ratio of -0.28 and a beta of 1.83. The company has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $10.19.

Institutional Investors Weigh In On Barnes & Noble Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of Barnes & Noble Education in the fourth quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new position in shares of Barnes & Noble Education during the 4th quarter worth approximately $49,000. Bank of America Corp DE raised its stake in shares of Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 5,733 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Barnes & Noble Education by 362.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 7,310 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Barnes & Noble Education in the fourth quarter valued at $122,000. 38.51% of the stock is owned by institutional investors.

Barnes & Noble Education Company Profile

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.