California State Teachers Retirement System decreased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,183 shares of the company’s stock after selling 3,141 shares during the period. California State Teachers Retirement System owned 0.14% of Scholastic Corporation worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Scholastic Corporation by 1.1% in the second quarter. BlackRock Inc. now owns 3,380,237 shares of the company’s stock worth $147,344,000 after buying an additional 35,595 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Scholastic Corporation by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,786,533 shares of the company’s stock valued at $121,465,000 after buying an additional 21,650 shares during the period. Royce & Associates LP grew its position in Scholastic Corporation by 1.9% during the second quarter. Royce & Associates LP now owns 2,154,000 shares of the company’s stock valued at $93,893,000 after buying an additional 40,000 shares during the period. Vanguard Group Inc. grew its position in shares of Scholastic Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 2,148,931 shares of the company’s stock valued at $93,672,000 after purchasing an additional 19,222 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Scholastic Corporation by 5.6% in the second quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock valued at $87,506,000 after purchasing an additional 107,349 shares during the period. 78.99% of the stock is owned by institutional investors and hedge funds.
SCHL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Scholastic Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating on shares of Scholastic Corporation in a report on Thursday, September 21st. Finally, BidaskClub cut shares of Scholastic Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.
Scholastic Corporation (NASDAQ SCHL) opened at $37.29 on Tuesday. Scholastic Corporation has a 12-month low of $33.51 and a 12-month high of $49.38. The company has a market cap of $1,295.52, a price-to-earnings ratio of 29.13 and a beta of 0.76.
Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The business had revenue of $189.20 million during the quarter, compared to analyst estimates of $208.00 million. During the same period in the previous year, the company posted ($1.15) earnings per share. Scholastic Corporation’s revenue was down 33.1% on a year-over-year basis. analysts forecast that Scholastic Corporation will post 1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. Scholastic Corporation’s payout ratio is currently 77.92%.
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Scholastic Corporation Profile
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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