Richard Robinson Insider Sell Transaction
The CEO – Chairman and President of Scholastic Corp (NASDAQ:SCHL)
43.14 +0.25 0.58%
, Richard Robinson has made a surprising trade in the firm that is having a total value $575,932 USD. As revealed in the U.S. SEC legal form filed on July 30, 2015, Richard sold 13,400 shares based on an average share price of $43.0. Richard now owns 4.49 million shares accounting for 13.67% of the Company’s market cap
Scholastic Corp Stock Rating, Sentiment and Fundamentals
It is difficult to make conclusions about Scholastic Corp’s future just from Richard Robinson’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Richard exercised options for 13,400 shares with average price 36.4, worth 487,894. The two security specialist analysts covering the -listed Scholastic Corp forecast $1.58 per share earnings for 2015, giving Scholastic Corp a solid Price/Earnings ratio of 27.39.
Rating & Sentiment
PsychSignal Social:
SELL
Analysts Rating:
SELL
Hedge Funds Sentiment:
NEUTRAL
Stock Fundamentals
Earnings + FCF Trend:
SELL
Sector/Industry Macro:
BEARISH
Valuation Models:
-
Technical Analysis
ST Trend:
DOWN
MT Trend:
UP
LT Trend:
UP
OctaFinance Rating*:
SELL
* Read How Our Stock Ratings System Works
OctaFinance’s trend following model, coupled with Richard’s new stock trade, certainly helps us to rate this stock a SELL. The share price of Scholastic Corp has went down 2.52% compared to the price last 50 days. And this weak down trend looks set to continue.
Price Chart of Scholastic Corp NASDAQ:SCHL Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
13F filings from SEC showed that, 125 investment managers had shares of Scholastic Corp. In the last quarter, the company had 82.26% institutional ownership. That is a high interest. Its down 0.86% from previous quarter. These professional stock holders decreased the total shares they own by 234,448 to 26.96 million this quarter. There were 12 funds that created new positions and 46 funds that added to their positions. A total of 17 funds closed their positions in Scholastic Corp and 46 reduced their holdings.
Edmond M. Safra’s Ems Capital Lp had the greatest investment with ownership of 197,121 shares as of Q4 2014 for 1.25% of the fund’s portfolio. Matarin Capital Management Llc is another bullish institutional investor owning 61,666 shares of the company or less than 0.01% of their stocks portfolio. Fairpointe Capital Llc have 1.40% of their stock portfolio invested in the company for 2.92 million shares. Moreover, Chuck Royce’s Royce & Associates Llc revealed it had acquired a stake worth 0.40% of the fund’s stock portfolio in the company. The Illinois-based fund Aston Asset Management Llc was also a notable believer in the company, owning 42,674 shares. Scholastic Corp is 0.66% of the fund’s stock portfolio.
Scholastic Corp NASDAQ:SCHL Company Profile
Scholastic Corporation is a global children’s publishing, education and media company. The Company publishes and distributes children’s books and provides educational technology products. The Company creates books and ebooks, learning materials and programs, magazines, multi-media and other products that help children learn. It operates through: Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, media and products in the United States; Educational Technology and Services includes publishing operations, developing and distributing technology-based instructional; Classroom and Supplemental Materials Publishing includes the publication and distribution to schools; Media, Licensing and Advertising segment includes the production and distribution of digital media, movie production and consumer promotions, and International segment includes the publication and distribution of products and services outside the United States.
Company Website: Scholastic Corp
Scholastic Corp was formed in Delaware on 1986-10-22. Scholastic Corp has 9700 employees. As of writing its market worth is: $1.41 billion and it has 32.87 million outstanding shares. Currently it has 86.09% shareholders and the institutional ownership stands at 86.09%. The stock closed at $42.889999 yesterday and it had average 2 days volume of 60303 shares. It is up from the 30 days average shares volume of 58598. Scholastic Corp has a 52w low of $30.51 and a 250 days high of $46.28. The stock price is above the 200 days SMA. Scholastic Corp last issued its quarterly earnings information on 07/23/2015. The company reported 0.93 EPS for the quarter, missing the consensus estimate of 1.1 by 0.17. The company had a revenue of 382.10 million for 2/28/2015 and 665.60 million for 11/30/2014. Therefore, the revenue was -283,500,000 down.
* Represents the exercise of stock options due to expire on September 21 – 2015.
* Represents the conversion of Class A Stock to Common Stock.
* See Exhibit 99.1.
* Employee stock options vest ratably over a four year period beginning with the first anniversary of the date of grant.
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