Barnes & Noble Education (NYSE:BNED) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Barnes & Noble Education (NYSE:BNED) in a report released on Monday. The brokerage set a “hold” rating on the specialty retailer’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a research note on Friday.

Barnes & Noble Education Price Performance

BNED stock opened at $0.58 on Monday. Barnes & Noble Education has a 12-month low of $0.15 and a 12-month high of $2.26. The company has a market cap of $30.83 million, a price-to-earnings ratio of -0.37 and a beta of 2.01. The firm has a 50 day moving average of $0.45 and a 200-day moving average of $0.86. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The business had revenue of $456.67 million for the quarter.

Institutional Trading of Barnes & Noble Education

A number of hedge funds have recently made changes to their positions in the company. PEAK6 Investments LLC boosted its holdings in Barnes & Noble Education by 258.6% in the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 33,539 shares during the period. Virtu Financial LLC bought a new stake in Barnes & Noble Education during the 1st quarter valued at $56,000. Finally, Greenhaven Road Investment Management L.P. grew its position in Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after buying an additional 90,003 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

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.