New York State Teachers Retirement System Sells 2,947 Shares of Scholastic Co. (NASDAQ:SCHL)

New York State Teachers Retirement System lessened its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,800 shares of the company’s stock after selling 2,947 shares during the quarter. New York State Teachers Retirement System’s holdings in Scholastic were worth $934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of Scholastic by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 838,366 shares of the company’s stock worth $17,882,000 after buying an additional 16,379 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Scholastic by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock worth $16,075,000 after buying an additional 41,864 shares during the period. Azarias Capital Management L.P. lifted its position in shares of Scholastic by 71.8% during the 4th quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company’s stock worth $9,978,000 after buying an additional 195,507 shares during the period. Empowered Funds LLC increased its holdings in Scholastic by 5.1% during the 4th quarter. Empowered Funds LLC now owns 157,550 shares of the company’s stock valued at $3,361,000 after purchasing an additional 7,642 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Scholastic by 744.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock valued at $2,101,000 after purchasing an additional 57,852 shares in the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Trading Up 4.4 %

SCHL stock opened at $20.60 on Monday. The business has a fifty day moving average price of $20.53 and a 200 day moving average price of $25.44. Scholastic Co. has a fifty-two week low of $17.72 and a fifty-two week high of $40.71. The stock has a market capitalization of $578.88 million, a price-to-earnings ratio of -114.44 and a beta of 1.08. 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 earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.88%. Scholastic’s dividend payout ratio (DPR) is currently -444.44%.

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.