GAMMA Investing LLC Acquires 32,902 Shares of Scholastic Corporation (NASDAQ:SCHL)

GAMMA Investing LLC increased its holdings in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 5,230.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,531 shares of the company's stock after purchasing an additional 32,902 shares during the quarter. GAMMA Investing LLC owned approximately 0.12% of Scholastic worth $633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in shares of Scholastic during the fourth quarter worth $33,000. KLP Kapitalforvaltning AS bought a new stake in Scholastic during the fourth quarter valued at $96,000. Sterling Capital Management LLC grew its holdings in Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after acquiring an additional 662 shares during the period. BOKF NA grew its holdings in Scholastic by 17.7% during the 4th quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after acquiring an additional 1,656 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Scholastic by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock worth $282,000 after acquiring an additional 530 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Trading Up 2.5%

Shares of Scholastic stock traded up $0.47 on Thursday, hitting $19.23. 273,458 shares of the company's stock traded hands, compared to its average volume of 288,158. The company has a fifty day moving average of $17.80 and a two-hundred day moving average of $19.74. Scholastic Corporation has a one year low of $15.77 and a one year high of $38.77. The company has a market capitalization of $540.36 million, a price-to-earnings ratio of 32.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.79.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.73. The firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Scholastic had a return on equity of 4.19% and a net margin of 1.17%. As a group, sell-side analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current year.

About Scholastic

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.