Scholastic Corporation (NASDAQ:SCHL) Stock Position Lessened by Azarias Capital Management L.P.

Azarias Capital Management L.P. reduced its holdings in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) by 20.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 370,005 shares of the company's stock after selling 97,778 shares during the period. Scholastic makes up 3.9% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 7th largest holding. Azarias Capital Management L.P. owned about 1.32% of Scholastic worth $6,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in Scholastic during the 4th quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in Scholastic by 182.4% in the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after buying an additional 1,147 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Scholastic in the 4th quarter valued at approximately $96,000. 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 during the last quarter. Finally, BOKF NA boosted its position in Scholastic by 17.7% during the fourth quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after purchasing an additional 1,656 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Trading Up 2.5%

NASDAQ:SCHL opened at $19.23 on Friday. Scholastic Corporation has a 52-week low of $15.77 and a 52-week high of $38.77. The company has a market capitalization of $540.36 million, a PE ratio of 32.05 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $17.86 and a 200-day simple moving average of $19.69.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued 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. The business had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million. Scholastic had a net margin of 1.17% and a return on equity of 4.19%. On average, equities research analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.