Zuckerman Investment Group Lowers stake in Scholastic Corp (SCHL)

Scholastic Corp (SCHL) : Zuckerman Investment Group reduced its stake in Scholastic Corp by 0.51% during the most recent quarter end. The investment management company now holds a total of 645,525 shares of Scholastic Corp which is valued at $25,975,926 after selling 3,296 shares in Scholastic Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Scholastic Corp makes up approximately 6.57% of Zuckerman Investment Group’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added SCHL to its portfolio by purchasing 5,955 company shares during the most recent quarter which is valued at $239,629.Oppenheimerfunds boosted its stake in SCHL in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 18,132 shares of Scholastic Corp which is valued at $729,632.Ubs Asset Management Americas Inc boosted its stake in SCHL in the latest quarter, The investment management firm added 5,249 additional shares and now holds a total of 16,848 shares of Scholastic Corp which is valued at $679,311.Capital Fund Management S.a. reduced its stake in SCHL by selling 20,787 shares or 71.89% in the most recent quarter. The Hedge Fund company now holds 8,129 shares of SCHL which is valued at $339,304. Scholastic Corp makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

Scholastic Corp opened for trading at $40.33 and hit $40.65 on the upside on Monday, eventually ending the session at $40.5, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 67,345 shares. Company has a market cap of $1,390 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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