Sanctuary Advisors LLC Takes Position in Scholastic Corporation $SCHL

Sanctuary Advisors LLC bought a new stake in shares of Scholastic Corporation (NASDAQ:SCHL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,163 shares of the company’s stock, valued at approximately $605,000. Sanctuary Advisors LLC owned approximately 0.07% of Scholastic at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Scholastic in the second quarter worth approximately $43,000. State of Wyoming purchased a new stake in shares of Scholastic during the second quarter valued at $115,000. Tower Research Capital LLC TRC boosted its holdings in shares of Scholastic by 458.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock worth $66,000 after buying an additional 2,593 shares during the period. BNP Paribas Financial Markets boosted its stake in Scholastic by 127.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock worth $142,000 after purchasing an additional 2,912 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Scholastic in the second quarter worth $247,000. 82.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on SCHL shares. Zacks Research cut shares of Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Weiss Ratings downgraded Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Finally, B. Riley Financial upped their price objective on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $42.00.

Scholastic Stock Down 0.4%

Shares of SCHL opened at $38.96 on Friday. The business’s 50 day simple moving average is $43.34 and its 200-day simple moving average is $40.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 0.78. The company has a market capitalization of $734.79 million, a P/E ratio of 16.65, a PEG ratio of 1.87 and a beta of 1.01. Scholastic Corporation has a one year low of $22.68 and a one year high of $48.07.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.03. The company had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.During the same period last year, the company posted $0.59 earnings per share. As a group, sell-side analysts predict that Scholastic Corporation will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling at Scholastic

In other news, Director Kaya Henderson sold 3,250 shares of Scholastic stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $40.25, for a total value of $130,812.50. Following the completion of the sale, the director directly owned 7,113 shares of the company’s stock, valued at approximately $286,298.25. This trade represents a 31.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andres A. Alonso sold 2,112 shares of Scholastic stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $40.28, for a total value of $85,071.36. Following the completion of the sale, the director owned 21,189 shares of the company’s stock, valued at approximately $853,492.92. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 294,986 shares of company stock worth $11,731,334. Insiders own 12.77% of the company’s stock.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.