Scholastic Corporation (SCHL) Short Interest Update
Scholastic Corporation (NASDAQ:SCHL) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 1,029,047 shares, a decline of 34.1% from the October 31st total of 1,561,081 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 91,928 shares, the short-interest ratio is presently 11.2 days.
Scholastic (NASDAQ:SCHL) opened at $41.80 on Tuesday. The company has a market cap of $1,446.43, a P/E ratio of 32.53 and a beta of 0.78. Scholastic has a 12 month low of $33.51 and a 12 month high of $49.38.
Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.33). Scholastic had a return on equity of 3.57% and a net margin of 1.71%. The business had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. During the same period last year, the firm earned ($1.15) EPS. The business’s quarterly revenue was down 33.1% on a year-over-year basis. equities analysts anticipate that Scholastic will post 1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, October 30th. Scholastic’s dividend payout ratio is currently 77.92%.
SCHL has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a research note on Thursday, September 21st. Zacks Investment Research raised shares of Scholastic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
In related news, insider Alan J. Boyko sold 13,100 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total value of $534,349.00. Following the completion of the transaction, the insider now owns 44,146 shares of the company’s stock, valued at $1,800,715.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA purchased a new position in Scholastic in the second quarter worth $111,000. Quantbot Technologies LP purchased a new position in Scholastic in the third quarter worth $141,000. Public Employees Retirement System of Ohio grew its holdings in Scholastic by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock worth $166,000 after purchasing an additional 193 shares during the last quarter. Bessemer Group Inc. grew its holdings in Scholastic by 11.5% in the second quarter. Bessemer Group Inc. now owns 4,495 shares of the company’s stock worth $196,000 after purchasing an additional 462 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Scholastic in the second quarter worth $211,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.
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Scholastic Company Profile
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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