Scholastic Corporation $SCHL is EVR Research LP’s 9th Largest Position

EVR Research LP boosted its stake in Scholastic Corporation (NASDAQ:SCHL) by 58.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,000 shares of the company’s stock after buying an additional 70,270 shares during the quarter. Scholastic makes up approximately 3.1% of EVR Research LP’s portfolio, making the stock its 9th largest holding. EVR Research LP owned approximately 0.76% of Scholastic worth $5,202,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in shares of Scholastic by 21.5% during the third quarter. Allianz Asset Management GmbH now owns 386,928 shares of the company’s stock worth $10,594,000 after purchasing an additional 68,562 shares in the last quarter. Intech Investment Management LLC boosted its stake in Scholastic by 44.9% during the 2nd quarter. Intech Investment Management LLC now owns 78,462 shares of the company’s stock worth $1,646,000 after purchasing an additional 24,320 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Scholastic during the 2nd quarter worth $378,000. American Century Companies Inc. grew its holdings in shares of Scholastic by 6.4% during the third quarter. American Century Companies Inc. now owns 739,366 shares of the company’s stock worth $20,244,000 after buying an additional 44,558 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Scholastic by 286.6% in the second quarter. Acadian Asset Management LLC now owns 184,666 shares of the company’s stock valued at $3,873,000 after buying an additional 136,903 shares during the last quarter. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Trading Down 1.6%

Shares of SCHL stock opened at $33.52 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Scholastic Corporation has a twelve month low of $15.77 and a twelve month high of $36.24. The company’s 50-day moving average price is $33.94 and its 200-day moving average price is $30.07. The stock has a market cap of $852.75 million, a price-to-earnings ratio of -167.60 and a beta of 1.17.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, December 18th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.10. The firm had revenue of $551.10 million during the quarter, compared to analysts’ expectations of $556.72 million. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. During the same period last year, the business earned $1.82 earnings per share. As a group, equities analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, January 30th. Scholastic’s payout ratio is presently -400.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCHL. Weiss Ratings raised shares of Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. B. Riley Financial reaffirmed a “neutral” rating and set a $37.00 price objective on shares of Scholastic in a research note on Monday. Finally, Zacks Research lowered shares of Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Scholastic currently has a consensus rating of “Hold” and an average target price of $37.00.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.