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

Scholastic Co. (NASDAQ:SCHL) was up 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 Price Performance

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

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, December 19th. The company reported $1.82 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%. Equities analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current year.

Institutional Trading of Scholastic

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Scholastic in the 3rd quarter valued at about $46,000. Lazard Asset Management LLC purchased a new stake in shares of Scholastic in the 4th quarter valued at about $33,000. FMR LLC lifted its holdings in shares of Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after purchasing an additional 869 shares during the last quarter. KBC Group NV raised its stake in Scholastic by 125.4% during the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after acquiring an additional 1,359 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Scholastic during the 4th quarter valued at approximately $96,000. 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.