BlueCrest Capital Management Ltd purchased a new position in shares of Scholastic Corp (NASDAQ:SCHL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,301 shares of the company’s stock, valued at approximately $333,000.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in Scholastic during the third quarter worth $141,000. Bessemer Group Inc. lifted its holdings in Scholastic by 33.4% during the third quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Scholastic during the third quarter worth $314,000. Sei Investments Co. lifted its holdings in Scholastic by 32.0% during the third quarter. Sei Investments Co. now owns 8,661 shares of the company’s stock worth $322,000 after acquiring an additional 2,102 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Scholastic by 19.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,100 shares of the company’s stock worth $339,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

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SCHL has been the topic of a number of recent analyst reports. BidaskClub lowered Scholastic from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered Scholastic from a “hold” rating to a “sell” rating in a report on Friday, December 15th. TheStreet lowered Scholastic from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus lifted their price target on Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th.

Shares of Scholastic stock opened at $37.58 on Monday. The company has a market capitalization of $1,311.39, a price-to-earnings ratio of 83.51 and a beta of 0.75. Scholastic Corp has a fifty-two week low of $33.51 and a fifty-two week high of $46.59.

In other Scholastic news, EVP Judith Newman sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the sale, the executive vice president now directly owns 17,269 shares in the company, valued at $679,707.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.30% of the company’s stock.

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About Scholastic

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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