GAMMA Investing LLC Raises Position in Scholastic Corporation (NASDAQ:SCHL)

GAMMA Investing LLC increased its stake 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 and Exchange Commission. The fund owned 33,531 shares of the company's stock after purchasing an additional 32,902 shares during the period. GAMMA Investing LLC owned approximately 0.12% of Scholastic worth $633,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Scholastic during the 4th quarter worth $33,000. KLP Kapitalforvaltning AS bought a new stake in shares of Scholastic during the 4th quarter worth $96,000. Sterling Capital Management LLC lifted its holdings in shares of 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 last quarter. BOKF NA lifted its holdings in shares of 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Scholastic by 4.2% during 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 during the last quarter. 82.57% of the stock is currently owned by institutional investors.

Scholastic Price Performance

Shares of NASDAQ SCHL traded down $0.11 during mid-day trading on Friday, reaching $19.12. 565,191 shares of the company were exchanged, compared to its average volume of 287,555. Scholastic Corporation has a 52 week low of $15.77 and a 52 week high of $38.77. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $537.27 million, a PE ratio of 31.87 and a beta of 1.04. The company's 50 day moving average price is $17.91 and its 200 day moving average price is $19.54.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73. The company had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a net margin of 1.17% and a return on equity of 4.19%. Sell-side analysts forecast that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Profile

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.