Shares of Scholastic Co. (NASDAQ:SCHL - Get Free Report) fell 5.8% on Wednesday . The stock traded as low as $19.81 and last traded at $19.68. 42,728 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 240,192 shares. The stock had previously closed at $20.89.
Scholastic Stock Performance
The company has a 50-day moving average price of $20.14 and a two-hundred day moving average price of $24.49. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $545.72 million, a P/E ratio of -107.88 and a beta of 1.10.
Scholastic (NASDAQ:SCHL - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. On average, equities analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current year.
Hedge Funds Weigh In On Scholastic
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Natixis Advisors LLC grew its holdings in Scholastic by 3.1% during the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company's stock valued at $525,000 after purchasing an additional 489 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Scholastic by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock worth $282,000 after acquiring an additional 530 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Scholastic by 7.5% in the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after buying an additional 662 shares in the last quarter. Rhumbline Advisers raised its position in shares of Scholastic by 1.1% in the fourth quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock worth $1,741,000 after buying an additional 860 shares in the last quarter. Finally, FMR LLC raised its position in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company's stock worth $75,000 after buying an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company's stock.
About Scholastic
(
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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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