Hrs Investment Holdings Lowers stake in Scholastic Corp (SCHL)

Scholastic Corp (SCHL) : Hrs Investment Holdings reduced its stake in Scholastic Corp by 38.89% during the most recent quarter end. The investment management company now holds a total of 55,000 shares of Scholastic Corp which is valued at $2,213,200 after selling 35,000 shares in Scholastic Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Scholastic Corp makes up approximately 2.03% of Hrs Investment Holdings’s portfolio.

Other Hedge Funds, Including , Qs Investors added SCHL to its portfolio by purchasing 20,300 company shares during the most recent quarter which is valued at $816,872. Scholastic Corp makes up approx 0.01% of Qs Investors’s portfolio.Pinebridge Investments boosted its stake in SCHL in the latest quarter, The investment management firm added 89 additional shares and now holds a total of 3,363 shares of Scholastic Corp which is valued at $135,327. Scholastic Corp makes up approx 0.01% of Pinebridge Investments’s portfolio.Vanguard Group Inc boosted its stake in SCHL in the latest quarter, The investment management firm added 61,415 additional shares and now holds a total of 1,913,048 shares of Scholastic Corp which is valued at $76,981,052.Royce Associates Lp boosted its stake in SCHL in the latest quarter, The investment management firm added 38,500 additional shares and now holds a total of 2,124,500 shares of Scholastic Corp which is valued at $85,659,840. Scholastic Corp makes up approx 0.53% of Royce Associates Lp’s portfolio.California State Teachers Retirement System boosted its stake in SCHL in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 56,724 shares of Scholastic Corp which is valued at $2,302,427.

Scholastic Corp opened for trading at $40.35 and hit $40.63 on the upside on Thursday, eventually ending the session at $40.39, with a gain of 0.32% or 0.13 points. The heightened volatility saw the trading volume jump to 62,911 shares. Company has a market cap of $1,386 M.

On the company’s financial health, Scholastic Corp reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.95. The company had revenue of $513.80 million for the quarter, compared to analysts expectations of $501.60 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

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