Public Employees Retirement Association of Colorado reduced its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,535 shares of the company’s stock after selling 2,000 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Scholastic Corporation were worth $243,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHL. BlackRock Inc. lifted its position in shares of Scholastic Corporation by 47,605.6% during the first quarter. BlackRock Inc. now owns 3,344,642 shares of the company’s stock worth $142,381,000 after purchasing an additional 3,337,631 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Scholastic Corporation by 51.3% during the second quarter. Acadian Asset Management LLC now owns 554,380 shares of the company’s stock worth $24,164,000 after purchasing an additional 187,938 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Scholastic Corporation by 5.6% during the second quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock worth $87,506,000 after purchasing an additional 107,349 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Scholastic Corporation by 28.4% in the second quarter. Neuberger Berman Group LLC now owns 381,815 shares of the company’s stock worth $16,643,000 after buying an additional 84,451 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Scholastic Corporation by 6.7% in the second quarter. Northern Trust Corp now owns 1,196,201 shares of the company’s stock worth $52,143,000 after buying an additional 75,333 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors and hedge funds.
SCHL has been the subject of a number of research analyst reports. BidaskClub lowered shares of Scholastic Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating on shares of Scholastic Corporation in a research note on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Scholastic Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.33). The company had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. Scholastic Corporation had a return on equity of 3.57% and a net margin of 1.71%. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. During the same quarter last year, the firm posted ($1.15) EPS. sell-side analysts forecast that Scholastic Corporation will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be paid 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 yield of 1.60%. Scholastic Corporation’s payout ratio is 77.92%.
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Scholastic Corporation Company 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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