GSA Capital Partners LLP Acquires New Position in Scholastic Corporation $SCHL

GSA Capital Partners LLP acquired a new position in Scholastic Corporation (NASDAQ:SCHL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,667 shares of the company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Scholastic by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after purchasing an additional 630 shares during the period. Quantinno Capital Management LP boosted its position in Scholastic by 3.2% during the first quarter. Quantinno Capital Management LP now owns 23,186 shares of the company’s stock valued at $906,000 after buying an additional 729 shares during the period. Deutsche Bank AG boosted its position in Scholastic by 4.1% during the fourth quarter. Deutsche Bank AG now owns 20,829 shares of the company’s stock valued at $617,000 after buying an additional 824 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Scholastic by 1.9% during the second quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock valued at $1,682,000 after buying an additional 1,509 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Scholastic by 7.0% in the fourth quarter. Russell Investments Group Ltd. now owns 29,144 shares of the company’s stock worth $864,000 after buying an additional 1,913 shares during the period. Institutional investors own 82.57% of the company’s stock.

Insider Activity

In related news, Director Kaya Henderson sold 3,250 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $40.25, for a total value of $130,812.50. Following the completion of the transaction, the director directly owned 7,113 shares in the company, valued at $286,298.25. This trade represents a 31.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SCHL shares. Weiss Ratings lowered Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Wall Street Zen cut Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. B. Riley Financial boosted their price objective on shares of Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Finally, Zacks Research downgraded Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $42.00.

Scholastic Price Performance

Shares of SCHL stock opened at $39.98 on Friday. The stock has a market cap of $754.02 million, a price-to-earnings ratio of 17.09, a PEG ratio of 1.96 and a beta of 1.01. The business’s fifty day moving average is $43.69 and its 200 day moving average is $39.96. Scholastic Corporation has a twelve month low of $22.68 and a twelve month high of $48.07. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.10.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.16 by $0.03. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.The business had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. During the same quarter last year, the firm posted $0.59 earnings per share. Research analysts expect that Scholastic Corporation will post 1.6 EPS for the current fiscal year.

Scholastic Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.