Scholastic Co. (NASDAQ:SCHL) Shares Bought by Fmr LLC

Fmr LLC boosted its holdings in shares of Scholastic Co. (NASDAQ:SCHL) by 58.8% in the 3rd quarter, Holdings Channel reports. The firm owned 2,346 shares of the company’s stock after buying an additional 869 shares during the period. Fmr LLC’s holdings in Scholastic were worth $75,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCHL. Pacer Advisors Inc. lifted its position in shares of Scholastic by 18.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,120,491 shares of the company’s stock valued at $39,744,000 after acquiring an additional 171,775 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Scholastic by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock valued at $16,075,000 after acquiring an additional 41,864 shares in the last quarter. American Century Companies Inc. increased 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 buying an additional 56,835 shares during the period. Millennium Management LLC boosted its position in Scholastic by 45.0% during the second 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 grew its stake in shares of 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 buying an additional 7,638 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors.

Scholastic Price Performance

NASDAQ SCHL opened at $21.48 on Wednesday. The stock has a 50-day simple moving average of $25.37 and a 200 day simple moving average of $29.56. Scholastic Co. has a twelve month low of $19.14 and a twelve month high of $40.74. The stock has a market capitalization of $604.38 million, a PE ratio of 38.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 1.14.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 19th. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a return on equity of 4.32% and a net margin of 1.49%. Research analysts anticipate that Scholastic Co. will post 1.41 EPS for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, January 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, January 31st. Scholastic’s dividend payout ratio (DPR) is presently -444.44%.

Wall Street Analysts Forecast Growth

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

About Scholastic

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.