Shares of Scholastic Corp (NASDAQ:SCHL) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.70 and traded as high as $33.13. Scholastic shares last traded at $33.13, with a volume of 1,330 shares trading hands.
Several equities research analysts have recently weighed in on SCHL shares. ValuEngine cut USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. BidaskClub cut Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Finally, Zacks Investment Research raised HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of $44.50.
The business has a 50 day moving average of $33.70. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 23.13 and a beta of 0.82.
In related news, CEO Richard Robinson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $40.69, for a total transaction of $40,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Scholastic by 5.5% during the fourth quarter. BlackRock Inc. now owns 4,181,729 shares of the company’s stock worth $168,356,000 after purchasing an additional 217,578 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Scholastic by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,811,985 shares of the company’s stock worth $113,210,000 after acquiring an additional 9,980 shares in the last quarter. Royce & Associates LP boosted its holdings in Scholastic by 0.9% in the first quarter. Royce & Associates LP now owns 2,076,500 shares of the company’s stock worth $82,562,000 after acquiring an additional 18,400 shares in the last quarter. Northern Trust Corp boosted its holdings in Scholastic by 1.1% in the fourth quarter. Northern Trust Corp now owns 1,198,330 shares of the company’s stock worth $48,245,000 after acquiring an additional 12,813 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Scholastic by 3.8% in the first quarter. Acadian Asset Management LLC now owns 656,968 shares of the company’s stock worth $26,120,000 after acquiring an additional 24,093 shares in the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.
Scholastic Company Profile (NASDAQ:SCHL)
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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