Scholastic (NASDAQ:SCHL) Trading Up 3.9% – What’s Next?

Shares of Scholastic Co. (NASDAQ:SCHL) rose 3.9% during mid-day trading on Thursday . The company traded as high as $19.80 and last traded at $19.78. Approximately 25,538 shares traded hands during trading, a decline of 89% from the average daily volume of 240,468 shares. The stock had previously closed at $19.03.

Scholastic Trading Down 3.1 %

The firm has a market capitalization of $545.72 million, a PE ratio of -107.88 and a beta of 1.10. The business has a 50 day moving average price of $20.14 and a 200-day moving average price of $24.49. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Analysts expect that Scholastic Co. will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On Scholastic

A number of large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Scholastic by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,646 shares of the company’s stock worth $974,000 after buying an additional 9,293 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Scholastic by 30.6% in the 4th quarter. Vident Advisory LLC now owns 19,028 shares of the company’s stock worth $406,000 after acquiring an additional 4,453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $282,000 after acquiring an additional 530 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Scholastic in the 4th quarter worth approximately $33,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Scholastic in the 4th quarter worth approximately $18,892,000. 82.57% of the stock is owned by hedge funds and other institutional investors.

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.