Rhumbline Advisers Grows Stock Position in Scholastic Co. (NASDAQ:SCHL)

Rhumbline Advisers lifted its stake in Scholastic Co. (NASDAQ:SCHL) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 102,358 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Rhumbline Advisers’ holdings in Scholastic were worth $3,082,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Scholastic by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,683,201 shares of the company’s stock valued at $117,080,000 after purchasing an additional 500,167 shares during the period. BlackRock Inc. boosted its holdings in Scholastic by 1.1% in the fourth quarter. BlackRock Inc. now owns 4,526,820 shares of the company’s stock valued at $113,170,000 after purchasing an additional 50,584 shares during the period. Bank of New York Mellon Corp boosted its holdings in Scholastic by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 776,887 shares of the company’s stock valued at $19,422,000 after purchasing an additional 57,335 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Scholastic by 2.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 476,566 shares of the company’s stock valued at $11,914,000 after purchasing an additional 12,253 shares during the period. Finally, Norges Bank purchased a new position in Scholastic in the fourth quarter valued at $11,405,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.

Scholastic stock opened at $39.76 on Friday. The company has a fifty day simple moving average of $32.49. Scholastic Co. has a 1-year low of $18.80 and a 1-year high of $40.47. The firm has a market capitalization of $1.36 billion, a PE ratio of -42.75 and a beta of 0.96.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, March 18th. The company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.41. Scholastic had a negative return on equity of 0.35% and a negative net margin of 2.67%. The business had revenue of $277.50 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 29th. Scholastic’s dividend payout ratio (DPR) is currently -750.00%.

SCHL has been the topic of a number of analyst reports. TheStreet cut Scholastic from a “c” rating to a “d+” rating in a research note on Thursday, March 18th. Zacks Investment Research cut Scholastic from a “strong-buy” rating to a “sell” rating in a research note on Saturday, February 20th.

About Scholastic

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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