Activist hedge fund Ananym Capital Management disclosed in a recent SEC 13F filing that they have acquired 4.8 percent of Scholastic’s common stock. They hold approximately 1.25 million shares. Scholastic’s stock has been trading at its lowest levels since the depths of the 2008-09 recession lately, to the point that management signaled a strategic review of the education solutions division and emphasized the value of their “non-operating assets that could be monetized, if and when the company chose to,” including the headquarters building in Soho and their three warehouses. Ananym says it “focuses on constructive, value-enhancing engagements with undervalued public […]
