Tudor Investment Corp ET AL boosted its stake in Scholastic Corporation (NASDAQ:SCHL) by 62.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,578 shares of the company’s stock after buying an additional 7,883 shares during the period. Tudor Investment Corp ET AL owned about 0.06% of Scholastic Corporation worth $876,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in Scholastic Corporation by 69.6% in the first quarter. Sei Investments Co. now owns 2,454 shares of the company’s stock valued at $105,000 after buying an additional 1,007 shares during the last quarter. Quantbot Technologies LP purchased a new position in Scholastic Corporation during the first quarter valued at approximately $110,000. State of Alaska Department of Revenue raised its position 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 valued at $126,000 after buying an additional 70 shares during the last quarter. 1st Global Advisors Inc. raised its position in Scholastic Corporation by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 5,419 shares of the company’s stock valued at $231,000 after buying an additional 80 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in Scholastic Corporation by 6.9% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the company’s stock valued at $268,000 after buying an additional 407 shares during the last quarter. 79.10% of the stock is owned by institutional investors.
Scholastic Corporation (NASDAQ SCHL) traded up 0.44% on Friday, reaching $41.43. 105,970 shares of the company’s stock traded hands. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 28.11 and a beta of 0.75. The firm has a 50-day moving average price of $43.56 and a 200-day moving average price of $44.02. Scholastic Corporation has a 52 week low of $35.20 and a 52 week high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last issued its earnings results on Thursday, July 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.22. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The business had revenue of $499.60 million during the quarter, compared to the consensus estimate of $508 million. During the same period last year, the company earned $1.22 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Scholastic Corporation will post $1.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, August 29th. Scholastic Corporation’s dividend payout ratio is presently 41.96%.
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Several research analysts have commented on the stock. Zacks Investment Research raised shares of Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Friday, July 21st. BidaskClub lowered shares of Scholastic Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday.
In other news, CEO Richard Robinson sold 67,993 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $43.08, for a total transaction of $2,929,138.44. Following the completion of the transaction, the chief executive officer now directly owns 4,350,943 shares in the company, valued at approximately $187,438,624.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judith Newman sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $45.04, for a total value of $225,200.00. Following the transaction, the executive vice president now owns 18,894 shares of the company’s stock, valued at $850,985.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,239 shares of company stock valued at $5,451,685. Company insiders own 24.16% of the company’s stock.
Scholastic Corporation 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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