Charles Schwab Investment Management Inc. Increases Stake in Scholastic Co. (NASDAQ:SCHL)

Charles Schwab Investment Management Inc. boosted its position in Scholastic Co. (NASDAQ:SCHL - Free Report) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,206 shares of the company's stock after purchasing an additional 66,027 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.02% of Scholastic worth $12,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its stake in Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after buying an additional 1,359 shares during the period. FMR LLC boosted its position in shares of Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after acquiring an additional 869 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Scholastic during the third quarter worth about $243,000. BNP Paribas Financial Markets increased its position in shares of Scholastic by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company's stock worth $311,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in Scholastic by 127.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,762 shares of the company's stock valued at $315,000 after purchasing an additional 8,278 shares in the last quarter. 82.57% of the stock is owned by institutional investors.

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Scholastic Price Performance

SCHL stock traded down $0.66 during midday trading on Tuesday, reaching $18.85. The company had a trading volume of 680,435 shares, compared to its average volume of 241,115. The firm has a 50-day moving average price of $20.09 and a 200-day moving average price of $23.88. The company has a market capitalization of $529.70 million, a P/E ratio of -104.72 and a beta of 1.10. Scholastic Co. has a 1 year low of $17.72 and a 1 year high of $38.78. 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 (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.78) by $0.73. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The business had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million. On average, research analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic's payout ratio is currently 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.