Scholastic Co. (NASDAQ:SCHL) Position Increased by Sei Investments Co.

Sei Investments Co. grew its stake in Scholastic Co. (NASDAQ:SCHL - Free Report) by 65.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,703 shares of the company's stock after purchasing an additional 44,004 shares during the quarter. Sei Investments Co. owned approximately 0.40% of Scholastic worth $2,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its holdings in Scholastic by 291.6% in the 3rd 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 period. Pacer Advisors Inc. grew its stake in Scholastic by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company's stock worth $17,882,000 after purchasing an additional 16,379 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Scholastic by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 120,446 shares of the company's stock valued at $2,569,000 after purchasing an additional 2,882 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Scholastic by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock valued at $12,120,000 after purchasing an additional 66,027 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Scholastic by 58.8% during the third quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after purchasing an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company's stock.

Remove Ads

Scholastic Stock Performance

NASDAQ SCHL traded up $0.75 on Wednesday, reaching $17.26. 607,317 shares of the stock were exchanged, compared to its average volume of 258,445. The company's 50-day simple moving average is $19.54 and its two-hundred day simple moving average is $22.70. The firm has a market capitalization of $485.02 million, a PE ratio of -95.88 and a beta of 1.08. Scholastic Co. has a one year low of $16.09 and a one year high of $38.77. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.78) by $0.73. The firm had revenue of $335.40 million during the quarter, compared to analyst estimates of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Wednesday, April 30th. Scholastic's dividend payout ratio (DPR) is 133.33%.

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.