Scholastic Co. (NASDAQ:SCHL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Scholastic Co. (NASDAQ:SCHL – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,544 shares of the company’s stock after selling 750 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Scholastic worth $1,205,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in shares of Scholastic during the 4th quarter worth $41,000. Captrust Financial Advisors boosted its stake in shares of Scholastic by 69.8% during the 1st quarter. Captrust Financial Advisors now owns 2,054 shares of the company’s stock worth $83,000 after acquiring an additional 844 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Scholastic by 17.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 6,012 shares of the company’s stock worth $185,000 after acquiring an additional 894 shares in the last quarter. Simplex Trading LLC boosted its stake in shares of Scholastic by 4,693.9% during the 4th quarter. Simplex Trading LLC now owns 4,698 shares of the company’s stock worth $185,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Scholastic by 26.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,946 shares of the company’s stock worth $195,000 after acquiring an additional 1,045 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCHL has been the subject of several research reports. StockNews.com initiated coverage on Scholastic in a research note on Thursday, May 18th. They set a “hold” rating for the company. TheStreet cut Scholastic from a “b” rating to a “c+” rating in a research report on Thursday, March 23rd.

Scholastic Stock Down 0.3 %

Shares of Scholastic stock opened at $42.28 on Tuesday. The stock has a market cap of $1.40 billion, a PE ratio of 25.17 and a beta of 1.11. The business has a fifty day simple moving average of $37.60 and a 200-day simple moving average of $40.27. Scholastic Co. has a 12 month low of $28.22 and a 12 month high of $48.28.

Scholastic (NASDAQ:SCHL – Get Rating) last issued its earnings results on Thursday, March 23rd. The company reported ($0.57) EPS for the quarter. The business had revenue of $324.90 million during the quarter. Scholastic had a return on equity of 6.04% and a net margin of 3.71%. Analysts expect that Scholastic Co. will post 1.94 EPS for the current fiscal year.

Scholastic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, April 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. Scholastic’s payout ratio is 47.62%.

About Scholastic

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Scholastic Corp. engages in the publication and distribution of children’s books, magazines, and teaching materials. It operates through the following segments: Children’s Book Publishing and Distribution, Education, and International. The Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media, and interactive products.