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 research note issued on Saturday.

Barnes & Noble Education Trading Down 4.0 %

BNED opened at $10.09 on Friday. The firm’s 50 day moving average is $10.31 and its 200-day moving average is $10.30. Barnes & Noble Education 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. The firm has a market capitalization of $343.43 million, a P/E ratio of -0.30 and a beta of 2.23.

Institutional Investors Weigh In On Barnes & Noble Education

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Barnes & Noble Education during the fourth quarter valued at $34,000. FNY Investment Advisers LLC bought a new stake in shares of Barnes & Noble Education during the 4th quarter valued at about $49,000. Bank of America Corp DE raised its stake 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 worth $62,000 after acquiring an additional 5,733 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Barnes & Noble Education by 362.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 7,310 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Barnes & Noble Education in the 4th quarter valued at about $122,000. 38.51% of the stock is currently owned by institutional investors.

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.