Sanctuary Advisors LLC Buys Shares of 13,163 Scholastic Corporation $SCHL

Sanctuary Advisors LLC acquired a new stake in Scholastic Corporation (NASDAQ:SCHL) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 13,163 shares of the company’s stock, valued at approximately $605,000.

A number of other large investors have also recently added to or reduced their stakes in SCHL. BlackRock Inc. bought a new position in shares of Scholastic during the second quarter worth about $120,724,000. Vanguard Group Inc. grew its position in shares of Scholastic by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,593,981 shares of the company’s stock valued at $47,230,000 after acquiring an additional 59,017 shares during the period. Alliancebernstein L.P. increased 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 worth $31,741,000 after buying an additional 1,040,880 shares during the last quarter. J. Goldman & Co LP increased its holdings in shares of Scholastic by 4.1% during the 4th quarter. J. Goldman & Co LP now owns 797,878 shares of the company’s stock worth $23,641,000 after acquiring an additional 31,427 shares during the last quarter. Finally, Bragg Financial Advisors Inc raised its position in shares of Scholastic by 13.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 668,904 shares of the company’s stock valued at $19,820,000 after purchasing an additional 76,801 shares during the period. Institutional investors own 82.57% of the company’s stock.

Insider Activity

In other news, Director Andres A. Alonso sold 2,112 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $40.28, for a total transaction of $85,071.36. Following the transaction, the director owned 21,189 shares in the company, valued at approximately $853,492.92. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Iole Lucchese sold 289,624 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $39.76, for a total value of $11,515,450.24. Following the transaction, the executive vice president directly owned 289,623 shares in the company, valued at approximately $11,515,410.48. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 294,986 shares of company stock worth $11,731,334. Company insiders own 12.77% of the company’s stock.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $38.96 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $43.34 and a 200 day simple moving average of $40.15. Scholastic Corporation has a twelve month low of $22.68 and a twelve month high of $48.07. The company has a market capitalization of $734.79 million, a PE ratio of 16.65, a P/E/G ratio of 1.87 and a beta of 1.01.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.03. The company had revenue of $476.10 million for the quarter, compared to the consensus estimate of $517.06 million. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.During the same period in the previous year, the business earned $0.59 EPS. On average, sell-side analysts forecast that Scholastic Corporation will post 1.6 EPS for the current year.

Wall Street Analyst Weigh In

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

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.