Caxton Associates LLP Raises Holdings in Scholastic Corporation $SCHL

Caxton Associates LLP lifted its position in Scholastic Corporation (NASDAQ:SCHLFree Report) by 248.3% during the 1st quarter, HoldingsChannel reports. The firm owned 40,079 shares of the company’s stock after acquiring an additional 28,571 shares during the quarter. Caxton Associates LLP’s holdings in Scholastic were worth $1,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Scholastic by 458.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock valued at $66,000 after buying an additional 2,593 shares during the last quarter. GAMMA Investing LLC increased its stake in Scholastic by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 3,289 shares of the company’s stock worth $97,000 after acquiring an additional 749 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Scholastic in the 4th quarter worth approximately $116,000. BNP Paribas Financial Markets raised its holdings in shares of Scholastic by 127.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock worth $142,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in shares of Scholastic during the 4th quarter worth approximately $181,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $43.15 on Friday. Scholastic Corporation has a 1-year low of $22.68 and a 1-year high of $48.07. The business’s 50 day moving average is $43.78 and its two-hundred day moving average is $38.91. The stock has a market capitalization of $938.08 million, a P/E ratio of 18.44, a PEG ratio of 1.38 and a beta of 0.99.

Scholastic (NASDAQ:SCHLGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.03. The business had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. Scholastic had a return on equity of 5.08% and a net margin of 3.58%.During the same period last year, the company earned $0.59 EPS. As a group, equities research analysts anticipate that Scholastic Corporation will post 2.61 earnings per share for the current fiscal year.

Scholastic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, August 31st. This is a boost from Scholastic’s previous quarterly dividend of $0.20. Scholastic’s payout ratio is currently 32.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCHL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Scholastic in a research report on Thursday, June 18th. Zacks Research downgraded shares of Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, B. Riley Financial increased their price objective on shares of Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.

View Our Latest Analysis on Scholastic

Scholastic News Summary

Here are the key news stories impacting Scholastic this week:

About Scholastic

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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