Scholastic Co. (NASDAQ:SCHL) Stock Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in Scholastic Co. (NASDAQ:SCHL) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,490 shares of the company’s stock after selling 355 shares during the quarter. Yousif Capital Management LLC’s holdings in Scholastic were worth $509,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SCHL. Bank of New York Mellon Corp increased its position in shares of Scholastic by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 657,055 shares of the company’s stock worth $25,060,000 after acquiring an additional 22,568 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Scholastic by 91.8% during the third quarter. Teacher Retirement System of Texas now owns 42,759 shares of the company’s stock worth $1,631,000 after purchasing an additional 20,463 shares during the period. Capula Management Ltd acquired a new stake in shares of Scholastic during the third quarter worth approximately $959,000. Victory Capital Management Inc. boosted its holdings in shares of Scholastic by 20.0% during the third quarter. Victory Capital Management Inc. now owns 8,425 shares of the company’s stock worth $321,000 after purchasing an additional 1,403 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Scholastic by 9.3% during the third quarter. Assenagon Asset Management S.A. now owns 46,392 shares of the company’s stock worth $1,769,000 after purchasing an additional 3,942 shares during the period. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Stock Performance

SCHL stock opened at $36.15 on Monday. The stock has a market cap of $1.03 billion, a P/E ratio of 24.93 and a beta of 1.06. The firm has a 50 day simple moving average of $37.06 and a 200 day simple moving average of $37.98. Scholastic Co. has a 52 week low of $32.50 and a 52 week high of $45.98.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). The business had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $329.21 million. Scholastic had a net margin of 3.16% and a return on equity of 5.57%. During the same period last year, the company posted ($0.57) earnings per share. Sell-side analysts predict that Scholastic Co. will post 2.01 EPS for the current year.

Scholastic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, April 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, April 29th. Scholastic’s dividend payout ratio (DPR) is presently 55.17%.

Insider Buying and Selling at Scholastic

In other Scholastic news, EVP Iole Lucchese sold 400,000 shares of Scholastic stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $33.51, for a total value of $13,404,000.00. Following the completion of the sale, the executive vice president now directly owns 579,247 shares in the company, valued at $19,410,566.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 18.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a report on Friday, March 22nd.

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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.