Scholastic Co. (NASDAQ:SCHL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Scholastic Co. (NASDAQ:SCHL) by 23.1% during the 3rd quarter, Holdings Channel reports. The firm owned 36,353 shares of the company’s stock after selling 10,934 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Scholastic were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SCHL. nVerses Capital LLC purchased a new stake in Scholastic in the 2nd quarter valued at approximately $35,000. Meeder Asset Management Inc. purchased a new position in Scholastic during the third quarter worth $46,000. Innealta Capital LLC acquired a new position in shares of Scholastic in the second quarter worth $64,000. FMR LLC lifted its position in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after acquiring an additional 869 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Scholastic during the second quarter valued at $279,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Stock Performance

NASDAQ:SCHL opened at $25.26 on Wednesday. Scholastic Co. has a 1-year low of $23.69 and a 1-year high of $40.74. The firm has a 50 day simple moving average of $25.86 and a 200-day simple moving average of $30.02. The firm has a market cap of $710.74 million, a PE ratio of 45.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share 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 company had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. During the same quarter in the prior year, the company posted ($2.20) EPS. On average, equities analysts expect that Scholastic Co. will post 1.41 EPS for the current year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, January 31st. Scholastic’s payout ratio is 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 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.