New York State Common Retirement Fund Has $1.35 Million Position in Scholastic Corporation (SCHL)
New York State Common Retirement Fund increased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,000 shares of the company’s stock after purchasing an additional 2,299 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Scholastic Corporation worth $1,351,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in SCHL. Federated Investors Inc. PA purchased a new position in Scholastic Corporation during the second quarter worth about $111,000. Bessemer Group Inc. boosted its holdings in Scholastic Corporation by 11.5% during the second quarter. Bessemer Group Inc. now owns 4,495 shares of the company’s stock worth $196,000 after purchasing an additional 462 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Scholastic Corporation by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the company’s stock worth $233,000 after purchasing an additional 2,376 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Scholastic Corporation by 41.3% during the first quarter. UBS Asset Management Americas Inc. now owns 6,499 shares of the company’s stock worth $277,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Scholastic Corporation by 167.3% during the second quarter. Sei Investments Co. now owns 6,559 shares of the company’s stock worth $286,000 after purchasing an additional 4,105 shares during the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.
Scholastic Corporation (NASDAQ:SCHL) opened at 37.45 on Tuesday. The stock has a market capitalization of $1.31 billion, a PE ratio of 47.47 and a beta of 0.73. The firm has a 50-day moving average of $37.55 and a 200-day moving average of $40.92. Scholastic Corporation has a 1-year low of $33.51 and a 1-year high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.33). The company had revenue of $189.20 million for the quarter, compared to analysts’ expectations of $208.00 million. Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The business’s revenue was down 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.15) EPS. Equities analysts expect that Scholastic Corporation will post $1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, October 30th. Scholastic Corporation’s payout ratio is presently 77.92%.
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SCHL has been the topic of several analyst reports. BidaskClub cut shares of Scholastic Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded shares of Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, July 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $44.00 price target on shares of Scholastic Corporation in a report on Wednesday, August 16th.
Scholastic Corporation Company 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.
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