Peapod Lane Capital LLC Takes $505,000 Position in Scholastic Corporation (NASDAQ:SCHL)

Peapod Lane Capital LLC purchased a new stake in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,757 shares of the company's stock, valued at approximately $505,000. Peapod Lane Capital LLC owned about 0.10% of Scholastic as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Scholastic by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 357,291 shares of the company's stock worth $6,746,000 after purchasing an additional 5,376 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Scholastic by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 123,522 shares of the company's stock worth $2,332,000 after purchasing an additional 3,076 shares during the period. GAMMA Investing LLC lifted its stake in shares of Scholastic by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after purchasing an additional 1,147 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Scholastic by 25.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,646 shares of the company's stock worth $974,000 after purchasing an additional 9,293 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Scholastic by 30.6% in the 4th quarter. Vident Advisory LLC now owns 19,028 shares of the company's stock worth $406,000 after purchasing an additional 4,453 shares during the period. Hedge funds and other institutional investors own 82.57% of the company's stock.

Scholastic Price Performance

NASDAQ SCHL opened at $21.78 on Thursday. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $38.77. The stock has a market cap of $612.02 million, a price-to-earnings ratio of 36.30 and a beta of 1.08. The company's 50 day moving average is $19.10 and its two-hundred day moving average is $19.29. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29.

Scholastic Company 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.

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