Greenhaven Road Investment Management L.P. bought a new stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 519,897 shares of the specialty retailer's stock, valued at approximately $5,220,000. Barnes & Noble Education makes up approximately 0.8% of Greenhaven Road Investment Management L.P.'s investment portfolio, making the stock its 10th largest position. Greenhaven Road Investment Management L.P. owned about 1.72% of Barnes & Noble Education as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Barnes & Noble Education in the 4th quarter worth about $34,000. FNY Investment Advisers LLC bought a new stake in shares of Barnes & Noble Education during the fourth quarter valued at approximately $49,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Barnes & Noble Education during the fourth quarter worth approximately $127,000. Aristides Capital LLC bought a new position in Barnes & Noble Education in the 4th quarter worth approximately $155,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Barnes & Noble Education in the 4th quarter valued at approximately $186,000. Institutional investors own 38.51% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Tuesday, April 15th.
Check Out Our Latest Analysis on Barnes & Noble Education
Barnes & Noble Education Price Performance
Barnes & Noble Education stock traded up $0.59 during trading hours on Wednesday, hitting $10.16. 157,997 shares of the company traded hands, compared to its average volume of 414,693. Barnes & Noble Education, Inc. has a 1-year low of $6.05 and a 1-year high of $135.00. The firm has a market cap of $345.99 million, a P/E ratio of -0.30 and a beta of 1.83. The firm's 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $10.19. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.
Barnes & Noble Education Profile
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Free Report)
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.
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