Scholastic Corporation (SCHL) Stake Lowered by Capstone Asset Management Co.
Capstone Asset Management Co. decreased its position in Scholastic Corporation (NASDAQ:SCHL) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 7,986 shares of the company’s stock after selling 230 shares during the period. Capstone Asset Management Co.’s holdings in Scholastic Corporation were worth $348,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Scholastic Corporation by 69.6% in the first quarter. Sei Investments Co. now owns 2,454 shares of the company’s stock worth $105,000 after buying an additional 1,007 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Scholastic Corporation during the first quarter worth approximately $110,000. State of Alaska Department of Revenue boosted its stake in Scholastic Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 2,970 shares of the company’s stock worth $126,000 after buying an additional 70 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in Scholastic Corporation by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 5,419 shares of the company’s stock worth $231,000 after buying an additional 80 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Scholastic Corporation by 6.9% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the company’s stock worth $268,000 after buying an additional 407 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.
Shares of Scholastic Corporation (NASDAQ:SCHL) traded up 0.58% during midday trading on Thursday, reaching $40.10. The company had a trading volume of 13,538 shares. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 27.20 and a beta of 0.74. The company has a 50 day moving average of $42.53 and a 200 day moving average of $43.69. Scholastic Corporation has a 12-month low of $35.20 and a 12-month high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.09 by $0.22. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The firm had revenue of $499.60 million for the quarter, compared to the consensus estimate of $508 million. During the same quarter last year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that Scholastic Corporation will post $1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, August 29th. Scholastic Corporation’s dividend payout ratio (DPR) is currently 41.96%.
A number of research firms have recently commented on SCHL. BidaskClub upgraded Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Scholastic Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th.
In other news, CEO Richard Robinson sold 67,993 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $43.08, for a total value of $2,929,138.44. Following the transaction, the chief executive officer now owns 4,350,943 shares of the company’s stock, valued at $187,438,624.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judith Newman sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $45.04, for a total value of $225,200.00. Following the completion of the transaction, the executive vice president now directly owns 18,894 shares in the company, valued at approximately $850,985.76. The disclosure for this sale can be found here. Insiders sold 73,094 shares of company stock worth $3,159,010 in the last ninety days. Corporate insiders own 24.16% of the company’s stock.
About Scholastic Corporation
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.
Want to see what other hedge funds are holding SCHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scholastic Corporation (NASDAQ:SCHL).
Receive News & Ratings for Scholastic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.