Scholastic Corporation (SCHL) Stake Raised by Royce & Associates LP

Royce & Associates LP increased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,218,324 shares of the company’s stock after acquiring an additional 64,324 shares during the quarter. Royce & Associates LP owned 6.34% of Scholastic worth $82,522,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its position in Scholastic by 9.0% in the second quarter. Lazard Asset Management LLC now owns 258,119 shares of the company’s stock worth $11,251,000 after acquiring an additional 21,385 shares in the last quarter. Texas Permanent School Fund grew its position in Scholastic by 1.9% in the second quarter. Texas Permanent School Fund now owns 19,858 shares of the company’s stock worth $866,000 after acquiring an additional 365 shares in the last quarter. BlackRock Inc. grew its position in Scholastic by 1.1% in the second quarter. BlackRock Inc. now owns 3,380,237 shares of the company’s stock worth $147,344,000 after acquiring an additional 35,595 shares in the last quarter. SG Americas Securities LLC grew its position in Scholastic by 62.3% in the second quarter. SG Americas Securities LLC now owns 12,514 shares of the company’s stock worth $545,000 after acquiring an additional 4,802 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Scholastic by 10.7% in the second quarter. Teachers Advisors LLC now owns 52,794 shares of the company’s stock worth $2,301,000 after acquiring an additional 5,093 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Several analysts have commented on the stock. BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $44.00 target price on shares of Scholastic in a research report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th.

In related news, insider Alan J. Boyko sold 13,100 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the transaction, the insider now directly owns 44,146 shares in the company, valued at approximately $1,800,715.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.30% of the stock is owned by corporate insiders.

Shares of Scholastic Corporation (SCHL) opened at $41.60 on Wednesday. The stock has a market cap of $1,463.58, a price-to-earnings ratio of 32.91 and a beta of 0.78. Scholastic Corporation has a 1-year low of $33.51 and a 1-year high of $49.38.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). The firm had revenue of $189.20 million for the quarter, compared to the consensus estimate of $208.00 million. Scholastic had a return on equity of 3.57% and a net margin of 1.71%. Scholastic’s quarterly revenue was down 33.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.15) earnings per share. equities analysts predict that Scholastic Corporation will post 1.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, October 30th. Scholastic’s payout ratio is currently 77.92%.

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Scholastic Profile

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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