Capital Fund Management S.A. cut its stake in Scholastic Corp. (NASDAQ:SCHL) by 71.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,129 shares of the company’s stock after selling 20,787 shares during the period. Capital Fund Management S.A.’s holdings in Scholastic Corp. were worth $322,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. HRS Investment Holdings LLC purchased a new stake in Scholastic Corp. during the first quarter valued at about $3,363,000. Lazard Asset Management LLC raised its stake in Scholastic Corp. by 23.7% in the first quarter. Lazard Asset Management LLC now owns 304,200 shares of the company’s stock valued at $11,367,000 after buying an additional 58,255 shares during the last quarter. Yakira Capital Management Inc. raised its stake in Scholastic Corp. by 250.6% in the first quarter. Yakira Capital Management Inc. now owns 52,585 shares of the company’s stock valued at $1,965,000 after buying an additional 37,585 shares during the last quarter. BlackRock Fund Advisors raised its stake in Scholastic Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,695,766 shares of the company’s stock valued at $63,371,000 after buying an additional 23,335 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Scholastic Corp. by 103.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 35,690 shares of the company’s stock valued at $1,334,000 after buying an additional 18,120 shares during the last quarter. Hedge funds and other institutional investors own 82.10% of the company’s stock.
Scholastic Corp. (NASDAQ:SCHL) traded down 0.05% during trading on Friday, reaching $38.00. 74,431 shares of the company traded hands. The company’s 50-day moving average price is $39.13 and its 200 day moving average price is $38.84. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.57 and a beta of 0.66. Scholastic Corp. has a 52 week low of $30.34 and a 52 week high of $44.24.
Scholastic Corp. (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, September 22nd. The company reported ($1.15) earnings per share for the quarter, beating the consensus estimate of ($1.17) by $0.02. The business had revenue of $282.70 million for the quarter. Scholastic Corp. had a net margin of 2.85% and a return on equity of 5.45%. The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the firm earned ($1.42) EPS. On average, equities research analysts expect that Scholastic Corp. will post $1.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, October 27th. Scholastic Corp.’s dividend payout ratio is currently 42.86%.
SCHL has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Scholastic Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. TheStreet lowered shares of Scholastic Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 10th.
In other Scholastic Corp. news, insider Alan J. Boyko sold 12,720 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $41.25, for a total transaction of $524,700.00. Following the completion of the transaction, the insider now owns 33,820 shares of the company’s stock, valued at $1,395,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Robinson sold 18,158 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $40.68, for a total value of $738,667.44. Following the transaction, the chief executive officer now directly owns 4,390,978 shares of the company’s stock, valued at approximately $178,624,985.04. The disclosure for this sale can be found here. Company insiders own 24.16% of the company’s stock.
Scholastic Corp. Company Profile
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.
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