Scholastic (NASDAQ:SCHL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.
A number of other research firms have also recently commented on SCHL. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Stifel Nicolaus upped their target price on shares of Scholastic from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th. Finally, TheStreet raised shares of Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th.
Scholastic (NASDAQ:SCHL) opened at $39.40 on Friday. Scholastic has a 1 year low of $33.51 and a 1 year high of $46.95. The company has a market cap of $1,364.08, a PE ratio of 87.56 and a beta of 0.78.
In other Scholastic news, insider Alan J. Boyko sold 2,673 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $42.05, for a total transaction of $112,399.65. Following the sale, the insider now directly owns 39,548 shares in the company, valued at $1,662,993.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan J. Boyko sold 7,327 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $42.00, for a total transaction of $307,734.00. Following the sale, the insider now owns 43,557 shares in the company, valued at $1,829,394. The disclosure for this sale can be found here. Insiders sold 29,100 shares of company stock worth $1,194,038 in the last ninety days. 22.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Neuberger Berman Group LLC increased its stake in Scholastic by 28.3% during the third 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 period. Magnetar Financial LLC increased its stake in Scholastic by 240.3% during the third 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 period. Zuckerman Investment Group LLC increased its stake in Scholastic by 6.9% during the third 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 period. Royce & Associates LP increased its stake in Scholastic by 3.0% during the third 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 period. Finally, OxFORD Asset Management LLP purchased a new stake in Scholastic during the third quarter worth about $3,841,000. Institutional investors own 79.76% of the company’s stock.
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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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