Scholastic (NASDAQ:SCHL – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.
Scholastic Stock Up 6.3 %
NASDAQ SCHL opened at $27.16 on Friday. Scholastic has a fifty-two week low of $25.54 and a fifty-two week high of $41.79. The stock has a market cap of $776.78 million, a price-to-earnings ratio of 18.73 and a beta of 1.03. The business has a fifty day moving average of $30.74 and a 200-day moving average of $33.99.
Scholastic (NASDAQ:SCHL – Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35. The company had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. Scholastic had a return on equity of 4.25% and a net margin of 1.49%. During the same quarter in the prior year, the company posted ($2.20) EPS. As a group, analysts anticipate that Scholastic will post 1.23 EPS for the current year.
Insider Activity at Scholastic
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Scholastic in the second quarter valued at about $35,000. Innealta Capital LLC purchased a new position in shares of Scholastic during the 2nd quarter valued at approximately $64,000. EntryPoint Capital LLC acquired a new stake in shares of Scholastic during the first quarter worth approximately $129,000. Quent Capital LLC acquired a new stake in Scholastic in the first quarter valued at $215,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Scholastic by 13.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,776 shares of the company’s stock valued at $218,000 after acquiring an additional 697 shares during the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.
About Scholastic
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.
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