Scholastic Corporation (NASDAQ:SCHL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.34 and traded as high as $21.53. Scholastic shares last traded at $20.98, with a volume of 190,514 shares.
Scholastic Trading Down 1.4%
The firm has a market capitalization of $589.54 million, a PE ratio of 34.97 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average price of $18.53 and a two-hundred day moving average price of $19.34.
Hedge Funds Weigh In On Scholastic
Several institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Scholastic in the 1st quarter valued at about $417,000. Jane Street Group LLC grew its position in Scholastic by 457.8% in the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company's stock valued at $1,537,000 after acquiring an additional 66,798 shares in the last quarter. Empowered Funds LLC grew its position in Scholastic by 4.2% in the 1st quarter. Empowered Funds LLC now owns 164,178 shares of the company's stock valued at $3,100,000 after acquiring an additional 6,628 shares in the last quarter. Caxton Associates LLP acquired a new position in Scholastic in the 1st quarter valued at about $353,000. Finally, Jones Financial Companies Lllp grew its position in Scholastic by 245,664.0% in the 1st quarter. Jones Financial Companies Lllp now owns 518,562 shares of the company's stock valued at $9,790,000 after acquiring an additional 518,351 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.
Scholastic Company Profile
(
Get 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.
Further Reading
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