2 weeks Ago By Defense World Staff
Sei Investments Co. boosted its stake in Scholastic Co. (NASDAQ:SCHL – Free Report) by 65.
0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,703 shares of the company’s stock after purchasing an additional 44,004 shares during the period. Sei Investments Co.
owned approximately 0.40% of Scholastic worth $2,383,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in SCHL.
Azarias Capital Management L.P. raised its position in Scholastic by 71.
8% in the fourth quarter. Azarias Capital Management L.P.
now owns 467,783 shares of the company’s stock worth $9,978,000 after acquiring an additional 195,507 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Scholastic by 13.
1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company’s stock valued at $12,120,000 after purchasing an additional 66,027 shares in the last quarter.
American Century Companies Inc. grew its holdings in Scholastic by 10.4% during the fourth quarter.
American Century Companies Inc. now owns 621,852 shares of the company’s stock valued at $13,264,000 after purchasing an additional 58,483 shares during the period. Barclays PLC raised its stake in shares of Scholastic by 291.
6% in the third quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after buying an additional 30,699 shares during the period. Finally, Brandes Investment Partners LP lifted its position in shares of Scholastic by 288.
5% during the 4th quarter. Brandes Investment Partners LP now owns 35,162 shares of the company’s stock valued at $750,000 after buying an additional 26,111 shares in the last quarter. 82.
57% of the stock is currently owned by hedge funds and other institutional investors. Scholastic Stock Up 1.1 %SCHL opened at $18.
24 on Friday. The stock has a market cap of $512.56 million, a price-to-earnings ratio of -101.
33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.
25, a quick ratio of 0.81 and a current ratio of 1.24.
The firm’s fifty day moving average is $19.84 and its 200 day moving average is $23.21.
Scholastic Co. has a fifty-two week low of $17.48 and a fifty-two week high of $38.
77. Scholastic (NASDAQ:SCHL – Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.
05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73.
Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%.
The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million.
On average, sell-side analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.
Scholastic Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a yield of 4.39%.
The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s payout ratio is 133.33%.
About Scholastic (Free Report)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.
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