Bank of Montreal Can Reduces Stake in Scholastic Corporation with Sale of 337 Shares

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The Bank of Montreal Can has recently reduced its stake in the Scholastic Corporation ($NASDAQ:SCHL) with the sale of 337 shares. Defense World, the investment firm that currently owns the shares, announced the sale on Wednesday. Scholastic Corporation is a publicly traded company that is best known for its educational products and services. In addition to print materials, Scholastic provides online reading and learning tools, including digital books and interactive learning applications.

The company also produces educational television programs and distributes its products through book fairs and clubs. Scholastic Corporation serves the United States, Canada, Mexico, and other countries worldwide.

Market Price

The sale was disclosed in a filing with the Securities & Exchange Commission. SCHOLASTIC CORPORATION opened at $35.5 and closed at $36.1, up 1.0% from last closing price of $35.8. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Scholastic Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Scholastic Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Scholastic Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Scholastic Corporation are shown below. More…

Analysis

GoodWhale has analyzed the fundamentals of SCHOLASTIC CORPORATION and determined that its Star Chart is strong in asset, dividend and medium in profitability, although weak in growth. The company’s health score is 8 out of 10, meaning it is capable of paying off debt and fund future operations. We can classify SCHOLASTIC CORPORATION as ‘rhino’ which indicates that the company has achieved moderate revenue or earnings growth. Investors interested in this type of company may want to consider investing in SCHOLASTIC CORPORATION. It has a solid history of dividend payments as well as an ability to pay off debts and fund operations. Additionally, its moderate growth could provide good returns for investors who are looking for a steady income. More…

Peers

The company was founded in 1920 and is headquartered in New York City. Scholastic operates in the United States, Canada, Australia, New Zealand, the United Kingdom, and Ireland. The company’s primary competitors are Hanoi Education Investment And Development Joint Stock Co, Sasbadi Holdings Bhd, Educational Book JSC in Ho Chi Minh City.

– Hanoi Education Investment And Development Joint Stock Co ($HNX:EID)

Sasbadi Holdings Bhd is a provider of educational resources and solutions in Malaysia. The company offers a range of products and services, including textbooks, workbooks, e-learning solutions, and professional development services. Sasbadi Holdings Bhd is listed on the Bursa Malaysia Stock Exchange and has a market capitalization of 46.7 million as of 2021. The company has a Return on Equity of -5.29%.

Summary

Scholastic Corporation is a publicly traded company in the education and media industry. With a focus on providing children with quality educational materials, the company has seen success in its investments over the years. Recently, Bank of Montreal has announced the sale of 337 shares of Scholastic Corporation’s stock. This is a sign that the company’s investments are increasing in value and could be a good opportunity for investors.

The company’s recent acquisitions and expansions into new markets have opened up even more opportunities for investors. With a strong track record of success, Scholastic Corporation is an attractive option for those looking to enter the investment market.