State of Alaska Department of Revenue reduced its position in shares of Scholastic Corp (NASDAQ:SCHL) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,211 shares of the company’s stock after selling 483 shares during the period. State of Alaska Department of Revenue’s holdings in Scholastic were worth $892,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SCHL. Tower Research Capital LLC TRC boosted its position in shares of Scholastic by 764.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,522 shares of the company’s stock worth $51,000 after buying an additional 1,346 shares during the period. Jefferies Group LLC acquired a new position in shares of Scholastic during the second quarter worth about $229,000. Atria Investments LLC acquired a new position in shares of Scholastic during the second quarter worth about $250,000. Bank of Montreal Can boosted its position in shares of Scholastic by 43.8% during the second quarter. Bank of Montreal Can now owns 8,455 shares of the company’s stock worth $281,000 after buying an additional 2,577 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Scholastic during the third quarter worth about $283,000. 78.61% of the stock is owned by institutional investors.
SCHL has been the subject of several recent research reports. Zacks Investment Research raised Scholastic from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. BidaskClub cut Scholastic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, ValuEngine raised Scholastic from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st.
Shares of NASDAQ SCHL opened at $36.76 on Friday. The stock has a 50 day moving average price of $38.08 and a 200 day moving average price of $36.46. Scholastic Corp has a 52 week low of $31.38 and a 52 week high of $45.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.57. The stock has a market capitalization of $1.28 billion, a PE ratio of 28.55 and a beta of 0.80.
Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, December 19th. The company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.29. Scholastic had a return on equity of 3.73% and a net margin of 1.07%. The company had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $591.00 million. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts forecast that Scholastic Corp will post 1.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.63%. Scholastic’s payout ratio is 55.56%.
Scholastic Company Profile
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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