Royce & Associates LP trimmed its stake in Scholastic Co. (NASDAQ:SCHL – Free Report) by 33.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,099 shares of the company’s stock after selling 14,249 shares during the quarter. Royce & Associates LP owned approximately 0.09% of Scholastic worth $962,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CM Wealth Advisors LLC bought a new position in Scholastic in the 1st quarter worth about $1,138,000. Texas Permanent School Fund Corp grew its holdings in Scholastic by 32.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,540 shares of the company’s stock worth $908,000 after buying an additional 6,556 shares in the last quarter. Oak Family Advisors LLC increased its position in Scholastic by 8.9% in the 1st quarter. Oak Family Advisors LLC now owns 20,270 shares of the company’s stock valued at $694,000 after acquiring an additional 1,651 shares during the period. Arizona State Retirement System boosted its position in Scholastic by 3.5% during the 1st quarter. Arizona State Retirement System now owns 8,540 shares of the company’s stock worth $292,000 after acquiring an additional 288 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Scholastic by 26.1% in the first quarter. Inspire Investing LLC now owns 9,036 shares of the company’s stock worth $309,000 after purchasing an additional 1,870 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.
Scholastic Trading Up 0.5 %
Shares of NASDAQ:SCHL opened at $43.98 on Friday. The company has a 50 day moving average of $40.88 and a 200-day moving average of $40.79. The firm has a market cap of $1.39 billion, a P/E ratio of 17.73 and a beta of 1.08. Scholastic Co. has a twelve month low of $28.22 and a twelve month high of $48.28.
Scholastic Announces Dividend
Insider Buying and Selling at Scholastic
In other news, Director John L. Davies sold 4,530 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.68, for a total value of $197,870.40. Following the completion of the sale, the director now owns 3,930 shares in the company, valued at $171,662.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.67% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a report on Friday, July 21st.
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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.
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