Judith Newman Sells 2,500 Shares of Scholastic Corp (SCHL) Stock
Scholastic Corp (NASDAQ:SCHL) EVP Judith Newman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the executive vice president now directly owns 17,269 shares in the company, valued at approximately $679,707.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Scholastic Corp (NASDAQ:SCHL) traded up $0.14 during trading hours on Wednesday, reaching $39.16. 110,947 shares of the company’s stock were exchanged, compared to its average volume of 158,826. Scholastic Corp has a 12-month low of $33.51 and a 12-month high of $46.95. The company has a market cap of $1,370.00, a price-to-earnings ratio of 85.13 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The firm had revenue of $598.30 million for the quarter, compared to analyst estimates of $601.40 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The company’s revenue was down 4.0% on a year-over-year basis. analysts predict that Scholastic Corp will post 1.27 earnings per share for the current fiscal year.
SCHL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Friday, December 15th. BidaskClub lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a report on Thursday, September 21st. Finally, TheStreet raised shares of Scholastic from a “c” rating to a “b-” rating in a report on Thursday, December 14th.
A number of large investors have recently modified their holdings of SCHL. Schwab Charles Investment Management Inc. grew its holdings in Scholastic by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 252,982 shares of the company’s stock worth $11,028,000 after acquiring an additional 34,851 shares during the last quarter. Legal & General Group Plc grew its holdings in Scholastic by 10.6% during the 2nd quarter. Legal & General Group Plc now owns 54,349 shares of the company’s stock worth $2,370,000 after acquiring an additional 5,205 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Scholastic during the 2nd quarter worth about $111,000. Principal Financial Group Inc. grew its holdings in Scholastic by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 212,355 shares of the company’s stock worth $9,257,000 after acquiring an additional 2,667 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Scholastic by 14.2% during the 2nd quarter. Swiss National Bank now owns 49,200 shares of the company’s stock worth $2,145,000 after acquiring an additional 6,100 shares during the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.
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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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