Barnes & Noble Education (NYSE:BNED) Stock Rating Lowered by 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 note issued to investors on Saturday.

Barnes & Noble Education Stock Down 4.0 %

Barnes & Noble Education stock opened at $10.09 on Friday. The stock’s 50 day moving average price is $10.31 and its 200 day moving average price is $10.30. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $135.00. The company has a market cap of $343.43 million, a PE ratio of -0.30 and a beta of 2.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Barnes & Noble Education in the 4th quarter worth approximately $34,000. FNY Investment Advisers LLC acquired a new position in Barnes & Noble Education in the fourth quarter valued at $49,000. Bank of America Corp DE increased its stake in Barnes & Noble Education by 1,412.1% in 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 lifted its position in Barnes & Noble Education by 362.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock worth $94,000 after buying an additional 7,310 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake 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.

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.