Barnes & Noble Education, Inc. (NYSE:BNED) Shares Acquired by Kanen Wealth Management LLC

Kanen Wealth Management LLC grew its stake in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 49.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,365,360 shares of the specialty retailer's stock after buying an additional 784,576 shares during the period. Barnes & Noble Education makes up approximately 8.8% of Kanen Wealth Management LLC's holdings, making the stock its 4th biggest position. Kanen Wealth Management LLC owned about 7.83% of Barnes & Noble Education worth $23,748,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock valued at $1,416,000 after buying an additional 77,932 shares during the last quarter. 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 during the last quarter. Centiva Capital LP bought a new position in shares of Barnes & Noble Education in the third quarter worth about $169,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Barnes & Noble Education during the 4th quarter worth about $49,000. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Stock Performance

Barnes & Noble Education stock traded up $0.03 during mid-day trading on Monday, reaching $11.17. The company had a trading volume of 266,746 shares, compared to its average volume of 673,371. The company has a 50 day moving average of $10.69 and a 200-day moving average of $10.38. The firm has a market cap of $337.49 million, a price-to-earnings ratio of -0.33 and a beta of 2.12. 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, Inc. has a 52 week low of $6.05 and a 52 week high of $135.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Monday, January 13th.

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.