Scholastic Corporation $SCHL Shares Sold by Ananym Capital Management LP

Ananym Capital Management LP decreased its stake in Scholastic Corporation (NASDAQ:SCHL) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,210,000 shares of the company’s stock after selling 40,000 shares during the quarter. Scholastic makes up 12.7% of Ananym Capital Management LP’s holdings, making the stock its 4th largest holding. Ananym Capital Management LP’s holdings in Scholastic were worth $33,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SCHL. Alliancebernstein L.P. boosted its position in Scholastic by 879.3% during the third quarter. Alliancebernstein L.P. now owns 1,159,261 shares of the company’s stock valued at $31,741,000 after purchasing an additional 1,040,880 shares during the last quarter. Creative Planning grew its stake in Scholastic by 33.6% in the third quarter. Creative Planning now owns 31,954 shares of the company’s stock valued at $875,000 after purchasing an additional 8,037 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Scholastic during the 3rd quarter worth approximately $620,000. Brooklyn Investment Group increased its position in shares of Scholastic by 531.3% during the 3rd quarter. Brooklyn Investment Group now owns 25,826 shares of the company’s stock worth $707,000 after purchasing an additional 21,735 shares during the last quarter. Finally, EVR Research LP raised its stake in shares of Scholastic by 58.7% during the 3rd quarter. EVR Research LP now owns 190,000 shares of the company’s stock worth $5,202,000 after purchasing an additional 70,270 shares in the last quarter. Institutional investors own 82.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Zacks Research lowered shares of Scholastic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $37.00 price target on shares of Scholastic in a research note on Monday, March 9th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Scholastic Price Performance

Scholastic stock opened at $33.80 on Friday. The company has a market capitalization of $859.87 million, a price-to-earnings ratio of -169.00 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $36.24. The stock’s 50 day moving average is $34.02 and its 200-day moving average is $30.16.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, December 18th. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analysts’ expectations of $556.72 million. Scholastic had a positive return on equity of 2.66% and a negative net margin of 0.21%.During the same period last year, the firm posted $1.82 EPS. Equities research analysts expect that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Scholastic’s dividend payout ratio (DPR) is currently -400.00%.

Scholastic 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.