Scholastic Co. (NASDAQ:SCHL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in shares of Scholastic Co. (NASDAQ:SCHL) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,662 shares of the company’s stock after selling 1,529 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Scholastic were worth $629,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Scholastic by 18.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,120,491 shares of the company’s stock valued at $39,744,000 after purchasing an additional 171,775 shares during the last quarter. American Century Companies Inc. raised its stake in Scholastic by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 488,259 shares of the company’s stock valued at $17,319,000 after purchasing an additional 56,835 shares during the last quarter. Azarias Capital Management L.P. raised its stake in Scholastic by 32.7% in the 2nd quarter. Azarias Capital Management L.P. now owns 264,565 shares of the company’s stock valued at $9,384,000 after purchasing an additional 65,120 shares during the last quarter. Millennium Management LLC raised its stake 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 purchasing an additional 56,647 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in 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 purchasing an additional 7,638 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Up 0.4 %

SCHL opened at $26.30 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64. The stock has a market capitalization of $740.00 million, a price-to-earnings ratio of 46.79 and a beta of 1.07. The business has a 50-day moving average of $26.38 and a two-hundred day moving average of $30.77. Scholastic Co. has a 12 month low of $23.69 and a 12 month high of $41.79.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. The business had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $233.49 million. During the same quarter in the previous year, the business earned ($2.20) EPS. On average, research analysts expect that Scholastic Co. will post 1.41 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s payout ratio is currently 142.86%.

Wall Street Analysts Forecast Growth

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

Scholastic 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.