Scholastic Corp (NASDAQ:SCHL) Stock Holdings Decreased by American International Group Inc.

American International Group Inc. decreased its position in Scholastic Corp (NASDAQ:SCHL) by 2.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,441 shares of the company’s stock after selling 571 shares during the quarter. American International Group Inc. owned 0.06% of Scholastic worth $852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHL. Arizona State Retirement System increased its holdings in Scholastic by 0.6% in the 1st quarter. Arizona State Retirement System now owns 42,990 shares of the company’s stock worth $1,709,000 after acquiring an additional 255 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Scholastic by 2.2% during the first quarter. Virginia Retirement Systems ET AL now owns 18,400 shares of the company’s stock worth $732,000 after purchasing an additional 400 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Scholastic by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,635 shares of the company’s stock worth $791,000 after purchasing an additional 431 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of Scholastic by 0.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 109,185 shares of the company’s stock worth $4,396,000 after purchasing an additional 528 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Scholastic by 5.1% during the fourth quarter. Hsbc Holdings PLC now owns 10,873 shares of the company’s stock worth $437,000 after purchasing an additional 531 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

SCHL stock traded down $0.10 during midday trading on Monday, reaching $33.14. 170,200 shares of the company were exchanged, compared to its average volume of 132,664. The stock’s 50-day simple moving average is $34.97. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.97 and a beta of 0.83. Scholastic Corp has a one year low of $31.38 and a one year high of $47.94.

In other news, CEO Richard Robinson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $40.69, for a total value of $40,690.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 21.79% of the company’s stock.

A number of research firms have issued reports on SCHL. ValuEngine lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. BidaskClub lowered shares of Scholastic from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Finally, Zacks Investment Research raised shares of Scholastic from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Scholastic currently has an average rating of “Sell” and an average target price of $44.50.

About Scholastic

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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