Alliancebernstein L.P. Purchases 33,620 Shares of Scholastic Co. (NASDAQ:SCHL)

Alliancebernstein L.P. raised its holdings in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 47.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,871 shares of the company's stock after purchasing an additional 33,620 shares during the period. Alliancebernstein L.P. owned 0.37% of Scholastic worth $2,216,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SCHL. O Shaughnessy Asset Management LLC increased its position in Scholastic by 9.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,952 shares of the company's stock valued at $1,279,000 after buying an additional 5,141 shares in the last quarter. Norges Bank purchased a new stake in shares of Scholastic in the fourth quarter worth $1,295,000. JPMorgan Chase & Co. increased its holdings in shares of Scholastic by 248.8% during the fourth quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock valued at $6,266,000 after acquiring an additional 209,524 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Scholastic in the 4th quarter worth about $96,000. Finally, Sei Investments Co. raised its position in shares of Scholastic by 65.0% in the 4th quarter. Sei Investments Co. now owns 111,703 shares of the company's stock worth $2,383,000 after purchasing an additional 44,004 shares during the last quarter. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Stock Up 1.3 %

SCHL stock traded up $0.22 during trading on Tuesday, hitting $16.63. 362,344 shares of the stock traded hands, compared to its average volume of 267,249. The stock has a market cap of $467.32 million, a price-to-earnings ratio of -92.38 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 Co. has a 1 year low of $15.77 and a 1 year high of $38.77. The firm's 50 day moving average is $19.05 and its two-hundred day moving average is $21.88.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) 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 firm had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. On average, sell-side analysts anticipate that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Wednesday, April 30th. Scholastic's payout ratio 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.