Scholastic Co. (NASDAQ:SCHL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in Scholastic Co. (NASDAQ:SCHL) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,752 shares of the company’s stock after selling 651 shares during the quarter. Natixis Advisors LLC’s holdings in Scholastic were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. KBC Group NV grew its stake in Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock worth $52,000 after buying an additional 1,359 shares during the period. FMR LLC boosted its position in Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after purchasing an additional 869 shares during the period. Paloma Partners Management Co acquired a new stake in Scholastic in the 3rd quarter valued at $243,000. BNP Paribas Financial Markets raised its position in Scholastic by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock valued at $311,000 after purchasing an additional 4,845 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Scholastic by 127.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,762 shares of the company’s stock worth $315,000 after purchasing an additional 8,278 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Stock Performance

Shares of NASDAQ:SCHL opened at $18.65 on Friday. The company has a market cap of $524.08 million, a P/E ratio of -103.61 and a beta of 1.10. Scholastic Co. has a one year low of $17.72 and a one year high of $38.77. The business’s 50-day simple moving average is $20.00 and its 200 day simple moving average is $23.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The company had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. On average, sell-side analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s dividend payout ratio is currently 133.33%.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.