Azarias Capital Management L.P. Sells 97,778 Shares of Scholastic Corporation (NASDAQ:SCHL)

Azarias Capital Management L.P. lowered its stake in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) by 20.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,005 shares of the company's stock after selling 97,778 shares during the quarter. Scholastic makes up about 3.9% of Azarias Capital Management L.P.'s holdings, making the stock its 7th biggest position. Azarias Capital Management L.P. owned 1.32% of Scholastic worth $6,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 purchasing an additional 530 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after purchasing an additional 662 shares in the last quarter. Rhumbline Advisers raised its holdings in Scholastic by 1.1% during the fourth quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock worth $1,741,000 after purchasing an additional 860 shares in the last quarter. GAMMA Investing LLC raised its holdings in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Scholastic during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Stock Up 11.6%

SCHL stock traded up $2.22 during midday trading on Monday, reaching $21.34. 567,675 shares of the company were exchanged, compared to its average volume of 288,675. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 1.23. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $38.77. The stock's 50-day simple moving average is $18.02 and its 200 day simple moving average is $19.51. The company has a market cap of $599.65 million, a price-to-earnings ratio of 35.57 and a beta of 1.04.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73. Scholastic had a net margin of 1.17% and a return on equity of 4.19%. The company had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. On average, equities analysts forecast that Scholastic Corporation will post 0.84 earnings per share for the current year.

About Scholastic

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.