Intech Investment Management LLC Acquires 18,933 Shares of Scholastic Co. (NASDAQ:SCHL)

Intech Investment Management LLC grew its position in Scholastic Co. (NASDAQ:SCHL - Free Report) by 127.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,747 shares of the company's stock after buying an additional 18,933 shares during the period. Intech Investment Management LLC owned approximately 0.12% of Scholastic worth $1,080,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Scholastic in the third quarter worth about $46,000. Natixis Advisors LLC raised its holdings in Scholastic by 3.1% in the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company's stock worth $525,000 after buying an additional 489 shares during the last quarter. Empowered Funds LLC raised its holdings in Scholastic by 5.4% in the third quarter. Empowered Funds LLC now owns 149,908 shares of the company's stock worth $4,799,000 after buying an additional 7,638 shares during the last quarter. Royce & Associates LP raised its holdings in 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 buying an additional 19,255 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Scholastic by 54.6% during the third quarter. Victory Capital Management Inc. now owns 11,049 shares of the company's stock valued at $354,000 after purchasing an additional 3,900 shares during the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Stock Performance

Shares of SCHL traded up $0.52 during mid-day trading on Thursday, hitting $26.95. 166,639 shares of the company traded hands, compared to its average volume of 209,648. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 1.14. The stock has a 50-day moving average price of $26.76 and a two-hundred day moving average price of $31.08. Scholastic Co. has a 1 year low of $23.69 and a 1 year high of $41.79. The stock has a market cap of $758.37 million, a price-to-earnings ratio of 48.13 and a beta of 1.06.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The company reported ($2.13) earnings per share for the quarter, beating the consensus estimate of ($2.48) by $0.35. Scholastic had a net margin of 1.49% and a return on equity of 4.32%. The firm had revenue of $237.20 million during the quarter, compared to analysts' expectations of $233.49 million. During the same period in the previous year, the company earned ($2.20) earnings per share. Equities analysts anticipate that Scholastic Co. will post 1.41 earnings per share for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.97%. Scholastic's dividend payout ratio (DPR) is 142.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Scholastic from a "buy" rating to a "hold" rating in a report on Saturday, October 5th.

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.