New York State Teachers Retirement System Sells 1,400 Shares of Scholastic Corporation (NASDAQ:SCHL)

New York State Teachers Retirement System decreased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,400 shares of the company’s stock after selling 1,400 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Scholastic worth $801,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SCHL. Lazard Asset Management LLC bought a new stake in shares of Scholastic during the 4th quarter worth approximately $33,000. GAMMA Investing LLC increased its stake in Scholastic by 182.4% in the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after purchasing an additional 1,147 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Scholastic during the fourth quarter worth $96,000. Sterling Capital Management LLC boosted its stake in shares of Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock valued at $201,000 after purchasing an additional 662 shares during the period. Finally, BOKF NA grew its holdings in shares of Scholastic by 17.7% in the fourth quarter. BOKF NA now owns 10,987 shares of the company’s stock worth $234,000 after purchasing an additional 1,656 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

Scholastic Stock Up 1.6%

Shares of NASDAQ SCHL opened at $22.13 on Friday. Scholastic Corporation has a 52-week low of $15.77 and a 52-week high of $38.77. The firm has a market capitalization of $621.85 million, a price-to-earnings ratio of 36.88 and a beta of 1.08. The stock has a 50 day moving average price of $19.18 and a 200 day moving average price of $19.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 1.23.

Scholastic Company 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.