Peapod Lane Capital LLC bought a new stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,757 shares of the company's stock, valued at approximately $505,000. Peapod Lane Capital LLC owned approximately 0.10% of Scholastic as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Scholastic in the 4th quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after buying an additional 1,147 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Scholastic during the 4th quarter valued at approximately $96,000. Sterling Capital Management LLC lifted its stake in Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after purchasing an additional 662 shares during the last quarter. Finally, BOKF NA increased its position in Scholastic by 17.7% in the fourth quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after buying an additional 1,656 shares during the period. Institutional investors and hedge funds own 82.57% of the company's stock.
Scholastic Stock Performance
Shares of SCHL traded down $0.49 during trading hours on Friday, reaching $21.64. 107,504 shares of the company's stock traded hands, compared to its average volume of 292,461. 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 Corporation has a twelve month low of $15.77 and a twelve month high of $38.77. The firm has a market capitalization of $608.08 million, a price-to-earnings ratio of 36.07 and a beta of 1.08. The business's fifty day simple moving average is $19.18 and its two-hundred day simple moving average is $19.30.
Scholastic Company Profile
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Free Report)
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.
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