Scholastic Corporation (NASDAQ:SCHL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Scholastic Corporation (NASDAQ:SCHL) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,281 shares of the company’s stock after selling 8,356 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Scholastic worth $1,384,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Scholastic by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock valued at $282,000 after buying an additional 530 shares during the last quarter. Sterling Capital Management LLC grew its stake in Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock worth $201,000 after buying an additional 662 shares during the last quarter. Lazard Asset Management LLC bought a new position in Scholastic during the 4th quarter worth $33,000. BOKF NA boosted its position in Scholastic by 17.7% during the 4th quarter. BOKF NA now owns 10,987 shares of the company’s stock worth $234,000 after acquiring an additional 1,656 shares during the period. Finally, State of Tennessee Department of Treasury boosted its position in Scholastic by 13.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company’s stock worth $349,000 after acquiring an additional 1,902 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Trading Up 2.5%

Shares of Scholastic stock opened at $19.23 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.29. The firm has a market cap of $540.36 million, a price-to-earnings ratio of 32.05 and a beta of 1.03. The business has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $19.74. Scholastic Corporation has a fifty-two week low of $15.77 and a fifty-two week high of $38.77.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a return on equity of 4.19% and a net margin of 1.17%. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. On average, equities analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.