GAMMA Investing LLC Raises Stake in Scholastic Corporation (NASDAQ:SCHL)

GAMMA Investing LLC lifted its stake in Scholastic Corporation (NASDAQ:SCHL) by 182.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,776 shares of the company’s stock after buying an additional 1,147 shares during the quarter. GAMMA Investing LLC’s holdings in Scholastic were worth $34,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J. Goldman & Co LP acquired a new stake in Scholastic during the 4th quarter worth about $18,892,000. American Century Companies Inc. increased its stake in shares of Scholastic by 10.4% in the 4th quarter. American Century Companies Inc. now owns 621,852 shares of the company’s stock valued at $13,264,000 after purchasing an additional 58,483 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company’s stock valued at $12,120,000 after buying an additional 66,027 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Scholastic by 24.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 434,357 shares of the company’s stock worth $9,265,000 after purchasing an additional 85,882 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Scholastic by 12.1% during the 4th quarter. Northern Trust Corp now owns 401,755 shares of the company’s stock worth $8,569,000 after acquiring an additional 43,501 shares during the period. 82.57% of the stock is currently owned by institutional investors.

Scholastic Trading Down 3.1%

Shares of NASDAQ:SCHL opened at $21.45 on Friday. 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 Corporation has a 12-month low of $15.77 and a 12-month high of $38.77. The company has a market capitalization of $602.75 million, a PE ratio of 35.75 and a beta of 1.08. The business has a 50 day moving average of $19.22 and a two-hundred day moving average of $19.30.

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.