California State Teachers Retirement System Sells 641 Shares of Scholastic Co. (NASDAQ:SCHL)

California State Teachers Retirement System lessened its holdings in Scholastic Co. (NASDAQ:SCHL) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 22,889 shares of the company’s stock after selling 641 shares during the period. California State Teachers Retirement System’s holdings in Scholastic were worth $488,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCHL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Scholastic by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,646 shares of the company’s stock worth $974,000 after acquiring an additional 9,293 shares during the last quarter. Vident Advisory LLC boosted its stake in Scholastic by 30.6% during the 4th quarter. Vident Advisory LLC now owns 19,028 shares of the company’s stock worth $406,000 after acquiring an additional 4,453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Scholastic by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock worth $282,000 after acquiring an additional 530 shares during the last quarter. Lazard Asset Management LLC bought a new position in Scholastic during the 4th quarter worth approximately $33,000. Finally, J. Goldman & Co LP bought a new position in Scholastic during the 4th quarter worth approximately $18,892,000. Institutional investors own 82.57% of the company’s stock.

Scholastic Stock Down 0.4%

Scholastic stock opened at $19.01 on Thursday. The company’s 50 day simple moving average is $17.60 and its 200 day simple moving average is $20.01. Scholastic Co. has a fifty-two week low of $15.77 and a fifty-two week high of $38.77. The firm has a market capitalization of $534.20 million, a price-to-earnings ratio of -105.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. As a group, sell-side analysts anticipate that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.21%. Scholastic’s dividend payout ratio (DPR) is currently 133.33%.

About Scholastic

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.