Scholastic (NASDAQ:SCHL) Stock Price Down 5.8% – Should You Sell?

Shares of Scholastic Co. (NASDAQ:SCHL) were down 5.8% on Wednesday . The company traded as low as $19.81 and last traded at $19.68. Approximately 42,728 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 240,192 shares. The stock had previously closed at $20.89.

Scholastic Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The stock has a market capitalization of $545.72 million, a PE ratio of -107.88 and a beta of 1.10. The company has a 50 day moving average price of $20.20 and a 200-day moving average price of $24.60.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Scholastic

Large investors have recently bought and sold shares of the company. Natixis Advisors LLC grew its position in shares of Scholastic by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock worth $525,000 after buying an additional 489 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $282,000 after purchasing an additional 530 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock valued at $201,000 after purchasing an additional 662 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Scholastic by 1.1% in the 4th 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. Finally, FMR LLC grew its stake in shares of Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after buying an additional 869 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

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.