Brandes Investment Partners LP Increases Stake in Scholastic Co. (NASDAQ:SCHL)

Brandes Investment Partners LP boosted its position in Scholastic Co. (NASDAQ:SCHL - Free Report) by 288.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,162 shares of the company's stock after acquiring an additional 26,111 shares during the quarter. Brandes Investment Partners LP owned 0.13% of Scholastic worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SCHL. Azarias Capital Management L.P. lifted its stake 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 purchasing an additional 195,507 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Scholastic by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock worth $12,120,000 after acquiring an additional 66,027 shares during the last quarter. Barclays PLC lifted its position in Scholastic by 291.6% in the third quarter. Barclays PLC now owns 41,228 shares of the company's stock valued at $1,319,000 after purchasing an additional 30,699 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Scholastic by 128.1% during the third quarter. Martingale Asset Management L P now owns 49,529 shares of the company's stock valued at $1,585,000 after purchasing an additional 27,812 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Scholastic by 83.9% in the third quarter. Royce & Associates LP now owns 42,194 shares of the company's stock worth $1,351,000 after purchasing an additional 19,255 shares during the last quarter. Institutional investors own 82.57% of the company's stock.

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Scholastic Trading Down 1.8 %

NASDAQ:SCHL traded down $0.35 during midday trading on Thursday, reaching $18.80. 505,122 shares of the stock traded hands, compared to its average volume of 230,700. The stock has a market capitalization of $528.30 million, a P/E ratio of -104.44 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 company has a fifty day moving average of $20.07 and a 200 day moving average of $24.17. Scholastic Co. has a 12 month low of $17.72 and a 12 month high of $39.54.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. On average, research analysts predict that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be given 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 4.26%. Scholastic's dividend payout ratio is currently -444.44%.

Scholastic Company Profile

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.