Scholastic Corp (SCHL) Holding Reduced by Profund Advisors LLC

Scholastic Corp (SCHL) Holding Reduced by Profund Advisors LLC

Profund Advisors LLC reduced its stake in Scholastic Corp (NASDAQ:SCHL) by 29.0% during the first quarter, Holdings Channel reports. The firm owned 5,957 shares of the company’s stock after selling 2,429 shares during the period. Profund Advisors LLC’s holdings in Scholastic Corp were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHL. State of Alaska Department of Revenue raised its position in shares of Scholastic Corp by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 2,970 shares of the company’s stock valued at $126,000 after buying an additional 70 shares during the period. Bank of Montreal Can raised its position in shares of Scholastic Corp by 3.2% in the first quarter. Bank of Montreal Can now owns 6,571 shares of the company’s stock valued at $279,000 after buying an additional 201 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Scholastic Corp by 3.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 8,365 shares of the company’s stock valued at $397,000 after buying an additional 265 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Scholastic Corp during the fourth quarter valued at approximately $413,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Scholastic Corp by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock valued at $468,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.34% of the company’s stock.

Shares of Scholastic Corp (SCHL) opened at 43.00 on Friday. Scholastic Corp has a 52-week low of $35.20 and a 52-week high of $49.38. The stock has a market capitalization of $1.50 billion, a P/E ratio of 32.40 and a beta of 0.98. The stock has a 50 day moving average of $42.74 and a 200-day moving average of $44.74.

Scholastic Corp (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, March 23rd. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.11. The firm had revenue of $336.20 million during the quarter, compared to the consensus estimate of $368 million. Scholastic Corp had a net margin of 2.98% and a return on equity of 5.71%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Analysts predict that Scholastic Corp will post $1.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, April 28th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, April 26th. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. Scholastic Corp’s dividend payout ratio is presently 40.54%.

Several brokerages have commented on SCHL. Zacks Investment Research upgraded shares of Scholastic Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, March 23rd. Stifel Nicolaus decreased their price objective on shares of Scholastic Corp from $45.00 to $44.00 and set a “hold” rating for the company in a report on Tuesday, March 28th.

In other Scholastic Corp news, EVP Judith Newman sold 2,008 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $42.11, for a total value of $84,556.88. Following the completion of the transaction, the executive vice president now directly owns 22,150 shares in the company, valued at $932,736.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Robinson sold 98,681 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $43.56, for a total transaction of $4,298,544.36. Following the completion of the transaction, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at $190,063,649.16. The disclosure for this sale can be found here. Insiders sold 206,353 shares of company stock valued at $8,920,156 over the last quarter. 24.16% of the stock is currently owned by corporate insiders.

About Scholastic Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SCHL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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