Scholastic Corporation $SCHL Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its position in Scholastic Corporation (NASDAQ:SCHL) by 76.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,963 shares of the company’s stock after purchasing an additional 30,222 shares during the quarter. Texas Permanent School Fund Corp owned about 0.28% of Scholastic worth $1,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Scholastic by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after purchasing an additional 630 shares in the last quarter. Signaturefd LLC raised its stake in shares of Scholastic by 819.5% during the second quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock valued at $26,000 after purchasing an additional 1,090 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Scholastic by 1.9% in the second quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock worth $1,682,000 after purchasing an additional 1,509 shares during the period. Nisa Investment Advisors LLC grew its position in Scholastic by 13.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,259 shares of the company’s stock valued at $425,000 after buying an additional 2,423 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Scholastic by 458.1% in the 2nd 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 in the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Trading Up 4.6%

Shares of NASDAQ:SCHL opened at $28.86 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.65 and a current ratio of 1.67. The stock has a market capitalization of $725.54 million, a price-to-earnings ratio of -144.30 and a beta of 1.18. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $31.86. The company has a 50 day moving average price of $28.62 and a 200 day moving average price of $25.81.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, December 18th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.10. The company had revenue of $551.10 million for the quarter, compared to analysts’ expectations of $556.72 million. Scholastic had a positive return on equity of 2.66% and a negative net margin of 0.21%.During the same quarter in the prior year, the company earned $1.82 earnings per share. On average, research analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 30th. Scholastic’s dividend payout ratio is currently -400.00%.

Analyst Ratings Changes

A number of analysts have commented on SCHL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Scholastic in a research report on Monday. Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Wall Street Zen lowered Scholastic from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, B. Riley started coverage on Scholastic in a research report on Wednesday, September 3rd. They set a “buy” rating and a $37.00 price target on the stock. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $37.00.

Scholastic Company Profile

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.