Pacer Advisors Inc. Has $17.88 Million Stake in Scholastic Co. (NASDAQ:SCHL)

Pacer Advisors Inc. lifted its holdings in Scholastic Co. (NASDAQ:SCHL - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 838,366 shares of the company's stock after acquiring an additional 16,379 shares during the period. Pacer Advisors Inc. owned approximately 2.98% of Scholastic worth $17,882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SCHL. Charles Schwab Investment Management Inc. increased its position in shares of Scholastic by 9.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company's stock worth $16,075,000 after purchasing an additional 41,864 shares during the period. Millennium Management LLC increased its holdings in Scholastic by 45.0% in the 2nd quarter. Millennium Management LLC now owns 182,630 shares of the company's stock valued at $6,478,000 after buying an additional 56,647 shares during the period. Empowered Funds LLC raised its position in shares of Scholastic by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 149,908 shares of the company's stock valued at $4,799,000 after buying an additional 7,638 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Scholastic by 62.6% in the 2nd quarter. AQR Capital Management LLC now owns 67,417 shares of the company's stock valued at $2,391,000 after buying an additional 25,958 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Scholastic by 744.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company's stock worth $2,101,000 after acquiring an additional 57,852 shares during the period. 82.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Scholastic Price Performance

Shares of SCHL stock traded down $0.56 on Friday, reaching $19.41. The company had a trading volume of 287,108 shares, compared to its average volume of 267,615. The business's 50-day moving average is $22.58 and its 200 day moving average is $26.70. Scholastic Co. has a one year low of $18.57 and a one year high of $40.74. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $545.42 million, a PE ratio of -107.83 and a beta of 1.10.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Equities research analysts forecast that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, January 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.12%. Scholastic's dividend payout ratio (DPR) is presently -444.42%.

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.