Scholastic (NASDAQ:SCHL) Shares Gap Up - What's Next?

Scholastic Corporation (NASDAQ:SCHL - Get Free Report)'s share price gapped up before the market opened 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 Up 11.6%

The stock has a market cap of $599.65 million, a price-to-earnings ratio of 35.57 and a beta of 1.04. The firm has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $19.54. 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 (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a net margin of 1.17% and a return on equity of 4.19%. The business had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. As a group, sell-side analysts expect that Scholastic Corporation will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Scholastic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHL. Ananym Capital Management LP bought a new stake in Scholastic during the first quarter worth about $23,600,000. J. Goldman & Co LP bought a new position in Scholastic in the fourth quarter valued at about $18,892,000. American Century Companies Inc. lifted its holdings in shares of Scholastic by 8.6% in the first quarter. American Century Companies Inc. now owns 675,583 shares of the company's stock worth $12,755,000 after acquiring an additional 53,731 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Scholastic by 12.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 637,928 shares of the company's stock valued at $12,044,000 after purchasing an additional 69,722 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Scholastic by 245,664.0% during the 1st quarter. Jones Financial Companies Lllp now owns 518,562 shares of the company's stock worth $9,790,000 after purchasing an additional 518,351 shares in the last quarter. 82.57% of the stock is owned by institutional investors.

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.