Barnes & Noble Education (NYSE:BNED) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research report released on Saturday morning.

Barnes & Noble Education Trading Up 4.1 %

NYSE:BNED opened at $10.51 on Friday. The stock has a market cap of $357.98 million, a PE ratio of -0.31 and a beta of 2.23. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. The stock’s 50-day moving average is $10.30 and its two-hundred day moving average is $10.29.

Institutional Inflows and Outflows

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

About Barnes & Noble Education

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.