Scholastic Corp (SCHL) EVP Sells $98,400.00 in Stock
Scholastic Corp (NASDAQ:SCHL) EVP Judith Newman sold 2,500 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the transaction, the executive vice president now owns 17,269 shares of the company’s stock, valued at approximately $679,707.84. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Scholastic Corp (SCHL) traded up $0.14 during mid-day trading on Wednesday, hitting $39.16. 110,947 shares of the stock were exchanged, compared to its average volume of 158,826. Scholastic Corp has a 52 week low of $33.51 and a 52 week high of $46.95. The firm has a market cap of $1,370.00, a PE ratio of 85.13 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The company had revenue of $598.30 million during the quarter, compared to analysts’ expectations of $601.40 million. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue was down 4.0% on a year-over-year basis. equities research analysts expect that Scholastic Corp will post 1.27 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its holdings in shares of Scholastic by 28.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 489,971 shares of the company’s stock worth $18,227,000 after purchasing an additional 108,156 shares during the last quarter. Magnetar Financial LLC grew its holdings in shares of Scholastic by 240.3% in the 3rd quarter. Magnetar Financial LLC now owns 34,689 shares of the company’s stock worth $1,290,000 after purchasing an additional 24,496 shares during the last quarter. Zuckerman Investment Group LLC grew its holdings in shares of Scholastic by 6.9% in the 3rd quarter. Zuckerman Investment Group LLC now owns 631,913 shares of the company’s stock worth $23,507,000 after purchasing an additional 41,037 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Scholastic by 3.0% in the 3rd quarter. Royce & Associates LP now owns 2,218,324 shares of the company’s stock worth $82,522,000 after purchasing an additional 64,324 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of Scholastic in the 3rd quarter worth about $3,841,000. 79.76% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on SCHL. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus increased their price objective on shares of Scholastic from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, December 13th.
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Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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