Scholastic (NASDAQ:SCHL) Director Andres Alonso Sells 2,112 Shares of Stock

Scholastic Corporation (NASDAQ:SCHL) Director Andres Alonso sold 2,112 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $40.28, for a total transaction of $85,071.36. Following the completion of the transaction, the director directly owned 21,189 shares in the company, valued at $853,492.92. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Scholastic Stock Down 2.1%

SCHL traded down $0.84 during trading on Thursday, reaching $39.11. 216,268 shares of the stock traded hands, compared to its average volume of 445,203. The stock has a market cap of $737.61 million, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. Scholastic Corporation has a fifty-two week low of $22.68 and a fifty-two week high of $48.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 0.78. The stock’s 50-day simple moving average is $43.49 and its two-hundred day simple moving average is $40.12.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.03. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.The firm had revenue of $476.10 million for the quarter, compared to the consensus estimate of $517.06 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts expect that Scholastic Corporation will post 1.6 EPS for the current year.

Institutional Trading of Scholastic

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Scholastic by 160.5% in the first quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock worth $2,972,000 after purchasing an additional 96,998 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Scholastic by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock valued at $262,000 after buying an additional 630 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Scholastic by 4.2% during the 1st quarter. Empowered Funds LLC now owns 164,178 shares of the company’s stock worth $3,100,000 after acquiring an additional 6,628 shares during the period. Jane Street Group LLC lifted its holdings in shares of Scholastic by 457.8% during the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company’s stock worth $1,537,000 after acquiring an additional 66,798 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Scholastic by 16.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,440 shares of the company’s stock worth $492,000 after acquiring an additional 3,365 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Analyst Upgrades and Downgrades

SCHL has been the topic of a number of research reports. B. Riley Financial increased their price objective on Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Zacks Research downgraded shares of Scholastic from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $42.00.

Scholastic Company 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.