Dimensional Fund Advisors LP Lowers Position in Scholastic Co. (NASDAQ:SCHL)

Dimensional Fund Advisors LP trimmed its stake in Scholastic Co. (NASDAQ:SCHLGet Rating) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,314,711 shares of the company’s stock after selling 51,830 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Scholastic worth $92,497,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SCHL. Russell Investments Group Ltd. increased its position in shares of Scholastic by 94.1% in the fourth quarter. Russell Investments Group Ltd. now owns 287,473 shares of the company’s stock worth $11,485,000 after purchasing an additional 139,361 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Scholastic by 19.3% in the third quarter. Deprince Race & Zollo Inc. now owns 578,359 shares of the company’s stock worth $20,618,000 after acquiring an additional 93,497 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Scholastic in the fourth quarter worth $3,144,000. Allspring Global Investments Holdings LLC bought a new stake in Scholastic in the 4th quarter worth approximately $3,079,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Scholastic in the 3rd quarter worth approximately $1,091,000. Institutional investors own 78.69% of the company’s stock.

SCHL has been the topic of a number of analyst reports. TheStreet cut shares of Scholastic from a “b” rating to a “c” rating in a research report on Monday, April 18th. StockNews.com started coverage on shares of Scholastic in a research report on Thursday, March 31st. They issued a “buy” rating on the stock.

SCHL opened at $36.53 on Friday. The stock’s 50 day simple moving average is $38.79 and its 200 day simple moving average is $39.66. Scholastic Co. has a 1 year low of $31.74 and a 1 year high of $43.71. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 36.90 and a beta of 0.77.

Scholastic (NASDAQ:SCHLGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported ($0.38) earnings per share for the quarter. The firm had revenue of $344.50 million for the quarter. Scholastic had a net margin of 2.38% and a return on equity of 5.08%.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, April 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, April 28th. Scholastic’s payout ratio is 60.61%.

Scholastic Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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