Strs Ohio Decreases Stake in Scholastic Co. (NASDAQ:SCHL)

Strs Ohio reduced its stake in Scholastic Co. (NASDAQ:SCHLGet Rating) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,600 shares of the company’s stock after selling 1,700 shares during the quarter. Strs Ohio owned about 0.06% of Scholastic worth $602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Scholastic in the 3rd quarter valued at approximately $443,000. Ritholtz Wealth Management increased its holdings in Scholastic by 17.8% in the 3rd quarter. Ritholtz Wealth Management now owns 20,681 shares of the company’s stock worth $636,000 after buying an additional 3,125 shares during the period. Pacer Advisors Inc. increased its holdings in Scholastic by 3.2% in the 3rd quarter. Pacer Advisors Inc. now owns 193,659 shares of the company’s stock worth $5,957,000 after buying an additional 6,053 shares during the period. Phocas Financial Corp. increased its holdings in Scholastic by 3.3% in the 3rd quarter. Phocas Financial Corp. now owns 177,719 shares of the company’s stock worth $5,467,000 after buying an additional 5,722 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Scholastic in the 3rd quarter worth approximately $411,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCHL shares. StockNews.com upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a report on Monday, December 19th. TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a report on Thursday, December 15th.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $42.72 on Wednesday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.60 and a beta of 1.10. Scholastic Co. has a 12 month low of $28.22 and a 12 month high of $48.28. The firm’s 50 day simple moving average is $39.66 and its 200-day simple moving average is $39.67.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. Scholastic’s payout ratio is 44.20%.

Scholastic Profile

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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 publishes and distributes children's books, e-books, media, and interactive products through its school book club and fair channels, as well as trade channels.

Further Reading

Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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