Natixis Advisors LLC Has $525,000 Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

Natixis Advisors LLC increased its position in shares of Scholastic Co. (NASDAQ:SCHL) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,403 shares of the company’s stock after buying an additional 489 shares during the quarter. Natixis Advisors LLC owned 0.06% of Scholastic worth $525,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Scholastic during the second quarter valued at approximately $35,000. Innealta Capital LLC acquired a new stake in Scholastic during the second quarter valued at approximately $64,000. Quent Capital LLC acquired a new stake in Scholastic during the first quarter valued at approximately $215,000. Commonwealth Equity Services LLC acquired a new stake in Scholastic during the second quarter valued at approximately $279,000. Finally, BOKF NA acquired a new stake in Scholastic during the second quarter valued at approximately $299,000. 82.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Scholastic from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

Scholastic Stock Up 2.0 %

Shares of SCHL opened at $26.95 on Friday. The company has a market capitalization of $758.37 million, a P/E ratio of 48.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64. Scholastic Co. has a one year low of $23.69 and a one year high of $41.79. The business’s 50 day simple moving average is $26.76 and its 200-day simple moving average is $31.08.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 26th. The company reported ($2.13) EPS for the quarter, topping the consensus estimate of ($2.48) by $0.35. The business had revenue of $237.20 million for the quarter, compared to the consensus estimate of $233.49 million. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. During the same period in the previous year, the business earned ($2.20) EPS. As a group, sell-side analysts predict that Scholastic Co. will post 1.41 EPS for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, October 31st. Scholastic’s payout ratio is currently 142.86%.

Scholastic Company 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.