Scholastic (NASDAQ:SCHL) Shares Gap Up – Still a Buy?

Scholastic Corporation (NASDAQ:SCHL)’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 traded.

Scholastic Stock Up 9.9%

The company has a market capitalization of $590.55 million, a PE ratio of 35.02 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $19.54.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.17% and a return on equity of 4.19%. Research analysts expect that Scholastic Corporation will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Scholastic

A number of institutional investors have recently added to or reduced their stakes in SCHL. Lazard Asset Management LLC acquired a new stake in shares of Scholastic in the 4th quarter valued at approximately $33,000. GAMMA Investing LLC raised its position in Scholastic by 182.4% in the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after acquiring an additional 1,147 shares in the last quarter. CWM LLC lifted its holdings in Scholastic by 508.7% in the first quarter. CWM LLC now owns 4,194 shares of the company’s stock valued at $79,000 after acquiring an additional 3,505 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Scholastic during the 4th quarter worth $96,000. Finally, Sterling Capital Management LLC grew its stake in shares of 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 purchasing an additional 662 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.

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.