Quest Partners LLC Sells 2,459 Shares of Scholastic Co. (NASDAQ:SCHL)

Quest Partners LLC cut its position in shares of Scholastic Co. (NASDAQ:SCHL) by 25.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,259 shares of the company’s stock after selling 2,459 shares during the period. Quest Partners LLC’s holdings in Scholastic were worth $232,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHL. Natixis Advisors LLC boosted its position in shares of Scholastic by 3.1% during the 3rd quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock valued at $525,000 after acquiring an additional 489 shares during the last quarter. Empowered Funds LLC lifted its position in Scholastic by 5.4% during the third 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. Royce & Associates LP grew its stake in shares of Scholastic by 83.9% in the 3rd quarter. Royce & Associates LP now owns 42,194 shares of the company’s stock worth $1,351,000 after buying an additional 19,255 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Scholastic by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 11,049 shares of the company’s stock worth $354,000 after buying an additional 3,900 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position 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 valued at $2,101,000 after buying an additional 57,852 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Stock Performance

NASDAQ:SCHL opened at $26.43 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 1.14. The stock’s fifty day moving average is $26.95 and its 200 day moving average is $31.17. The firm has a market capitalization of $743.66 million, a PE ratio of 47.59 and a beta of 1.06. Scholastic Co. has a fifty-two week low of $23.69 and a fifty-two week high of $41.79.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share for the quarter, beating the consensus estimate of ($2.48) by $0.35. Scholastic had a net margin of 1.49% and a return on equity of 4.32%. The business had revenue of $237.20 million for the quarter, compared to the consensus estimate of $233.49 million. During the same quarter in the prior year, the firm posted ($2.20) earnings per share. On average, sell-side analysts anticipate that Scholastic Co. will post 1.41 earnings per share for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. Scholastic’s dividend payout ratio (DPR) is presently 142.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.