GAMMA Investing LLC Has $633,000 Holdings in Scholastic Corporation (NASDAQ:SCHL)

GAMMA Investing LLC increased its holdings in Scholastic Corporation (NASDAQ:SCHL) by 5,230.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,531 shares of the company’s stock after purchasing an additional 32,902 shares during the quarter. GAMMA Investing LLC owned approximately 0.12% of Scholastic worth $633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHL. Lazard Asset Management LLC bought a new position in Scholastic during the fourth quarter worth $33,000. KLP Kapitalforvaltning AS acquired a new stake in Scholastic during the 4th quarter worth about $96,000. Sterling Capital Management LLC grew its holdings in Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock worth $201,000 after acquiring an additional 662 shares during the period. BOKF NA raised its position in shares of Scholastic by 17.7% in the 4th quarter. BOKF NA now owns 10,987 shares of the company’s stock worth $234,000 after acquiring an additional 1,656 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Scholastic by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock valued at $282,000 after purchasing an additional 530 shares during the period. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Stock Up 2.5%

Shares of Scholastic stock opened at $19.23 on Thursday. The stock’s 50-day moving average is $17.80 and its 200 day moving average is $19.74. Scholastic Corporation has a one year low of $15.77 and a one year high of $38.77. The firm has a market cap of $540.36 million, a price-to-earnings ratio of 32.05 and a beta of 1.03. 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) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.73. The firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Scholastic had a return on equity of 4.19% and a net margin of 1.17%. Equities research analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current year.

About Scholastic

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.