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

Barnes & Noble Education (NYSE:BNED) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Barnes & Noble Education Price Performance

Shares of BNED stock traded down $0.31 during mid-day trading on Wednesday, hitting $11.35. 585,075 shares of the stock were exchanged, compared to its average volume of 284,166. Barnes & Noble Education has a 52-week low of $6.05 and a 52-week 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 company has a market cap of $342.93 million, a PE ratio of -0.34 and a beta of 2.10. The firm has a fifty day moving average of $10.39 and a 200 day moving average of $9.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DCF Advisers LLC purchased a new stake in Barnes & Noble Education during the 2nd quarter valued at about $496,000. Centiva Capital LP acquired a new position in shares of Barnes & Noble Education during the 3rd quarter worth approximately $169,000. State Street Corp grew its position 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 77,932 shares in the last quarter. 38.51% of the stock is 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.