Scholastic Co. (NASDAQ:SCHL) Shares Bought by EVR Research LP

EVR Research LP lifted its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Scholastic accounts for approximately 0.9% of EVR Research LP’s portfolio, making the stock its 27th biggest holding. EVR Research LP’s holdings in Scholastic were worth $2,560,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Scholastic by 291.6% during the 3rd quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after purchasing an additional 30,699 shares during the period. Pacer Advisors Inc. lifted its position in Scholastic by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company’s stock worth $17,882,000 after buying an additional 16,379 shares during the period. Principal Financial Group Inc. boosted its stake in Scholastic by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 120,446 shares of the company’s stock worth $2,569,000 after buying an additional 2,882 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company’s stock valued at $12,120,000 after buying an additional 66,027 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Scholastic by 1.1% during the 4th quarter. Rhumbline Advisers now owns 81,637 shares of the company’s stock valued at $1,741,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Trading Down 0.9 %

Shares of SCHL stock opened at $16.39 on Friday. Scholastic Co. has a 1-year low of $16.24 and a 1-year high of $38.77. The firm’s 50-day simple moving average is $19.44 and its 200-day simple moving average is $22.51. The firm has a market cap of $460.58 million, a P/E ratio of -91.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. The company had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. As a group, equities analysts forecast that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. Scholastic’s dividend payout ratio (DPR) is 133.33%.

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.