Northern Trust Corp Raises Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

Northern Trust Corp raised its position in shares of Scholastic Co. (NASDAQ:SCHL) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 401,755 shares of the company’s stock after purchasing an additional 43,501 shares during the quarter. Northern Trust Corp’s holdings in Scholastic were worth $8,569,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHL. State of Tennessee Department of Treasury grew its stake in shares of Scholastic by 13.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company’s stock valued at $349,000 after acquiring an additional 1,902 shares during the period. EVR Research LP grew its stake in shares of Scholastic by 9.1% during the 4th quarter. EVR Research LP now owns 120,000 shares of the company’s stock valued at $2,560,000 after acquiring an additional 10,000 shares during the period. Sterling Capital Management LLC grew its stake in shares of Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock valued at $201,000 after acquiring an additional 662 shares during the period. Kennedy Capital Management LLC grew its stake in shares of Scholastic by 3.9% during the 4th quarter. Kennedy Capital Management LLC now owns 118,501 shares of the company’s stock valued at $2,528,000 after acquiring an additional 4,476 shares during the period. Finally, Martingale Asset Management L P grew its stake in shares of Scholastic by 6.3% during the 4th quarter. Martingale Asset Management L P now owns 52,655 shares of the company’s stock valued at $1,123,000 after acquiring an additional 3,126 shares during the period. 82.57% of the stock is currently owned by institutional investors.

Scholastic Trading Up 1.1%

SCHL stock opened at $18.04 on Monday. Scholastic Co. has a 1-year low of $15.77 and a 1-year high of $38.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The company has a market capitalization of $506.94 million, a price-to-earnings ratio of -100.22 and a beta of 1.06. The business has a 50 day simple moving average of $18.07 and a two-hundred day simple moving average of $20.88.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results 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. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Research analysts anticipate that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 4.43%. Scholastic’s payout ratio is presently 133.33%.

Scholastic 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.