Bank of New York Mellon Corp Sells 109,534 Shares of Scholastic Co. (NASDAQ:SCHL)

Bank of New York Mellon Corp reduced its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,915 shares of the company's stock after selling 109,534 shares during the quarter. Bank of New York Mellon Corp owned 1.25% of Scholastic worth $7,506,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCHL. Meeder Asset Management Inc. bought a new position in shares of Scholastic during the 3rd quarter worth approximately $46,000. KBC Group NV lifted its holdings in Scholastic by 125.4% during the 4th quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares during the last quarter. FMR LLC boosted its position in Scholastic by 58.8% during the third quarter. FMR LLC now owns 2,346 shares of the company's stock worth $75,000 after purchasing an additional 869 shares during the period. Paloma Partners Management Co acquired a new position in shares of Scholastic in the third quarter valued at $243,000. Finally, BNP Paribas Financial Markets raised its position in shares of Scholastic by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company's stock valued at $311,000 after purchasing an additional 4,845 shares during the period. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Stock Performance

Shares of NASDAQ SCHL traded up $0.14 during mid-day trading on Wednesday, reaching $19.20. 217,153 shares of the company were exchanged, compared to its average volume of 229,075. The stock has a market capitalization of $539.43 million, a P/E ratio of -106.57 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. Scholastic Co. has a twelve month low of $17.72 and a twelve month high of $39.54. The company's 50-day simple moving average is $20.08 and its 200-day simple moving average is $24.21.

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Scholastic (NASDAQ:SCHL - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, research analysts predict that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Profile

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.