Zuckerman Investment Group buys $23.5 Million stake in Scholastic Corp (SCHL)

Scholastic Corp (SCHL) : Zuckerman Investment Group scooped up 21,862 additional shares in Scholastic Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 648,821 shares of Scholastic Corp which is valued at $23.5 Million.Scholastic Corp makes up approximately 6.42% of Zuckerman Investment Group’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in SCHL by selling 1,700 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 5,100 shares of SCHL which is valued at $185,079. Jefferies Group added SCHL to its portfolio by purchasing 8,265 company shares during the most recent quarter which is valued at $299,937. Scholastic Corp makes up approx 0.01% of Jefferies Group’s portfolio.Thompson Siegel Walmsley boosted its stake in SCHL in the latest quarter, The investment management firm added 10,182 additional shares and now holds a total of 191,217 shares of Scholastic Corp which is valued at $6.9 Million. Scholastic Corp makes up approx 0.12% of Thompson Siegel Walmsley’s portfolio. Cookson Peirce Co Inc sold out all of its stake in SCHL during the most recent quarter. The investment firm sold 44,047 shares of SCHL which is valued $1.6 Million.Municipal Employees’ Retirement System Of Michigan boosted its stake in SCHL in the latest quarter, The investment management firm added 4,780 additional shares and now holds a total of 10,000 shares of Scholastic Corp which is valued at $370,400. Scholastic Corp makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Scholastic Corp opened for trading at $38.41 and hit $38.77 on the upside on Wednesday, eventually ending the session at $38.69, with a gain of 0.65% or 0.25 points. The heightened volatility saw the trading volume jump to 84,601 shares. Company has a market cap of $1,321 M.

On the company’s financial health, Scholastic Corp reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Mar 24, 2016. Analyst had a consensus of $-0.32. The company had revenue of $366.00 million for the quarter, compared to analysts expectations of $352.85 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.59 EPS.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

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