Scholastic Corporation (NASDAQ:SCHL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $19.12, but opened at $19.88. Scholastic shares last traded at $21.05, with a volume of 142,644 shares trading hands.
Scholastic Stock Down 0.2%
The business has a 50 day moving average of $18.34 and a 200 day moving average of $19.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.79. The firm has a market capitalization of $597.41 million, a price-to-earnings ratio of 35.43 and a beta of 1.03.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Scholastic in the fourth quarter valued at $33,000. GAMMA Investing LLC raised its stake in shares of Scholastic by 182.4% in the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after purchasing an additional 1,147 shares in the last quarter. CWM LLC raised its stake in Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after acquiring an additional 3,505 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Scholastic during the fourth quarter worth $96,000. Finally, Sterling Capital Management LLC raised 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 acquiring an additional 662 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.
About Scholastic
(
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.
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