UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Scholastic Co. (NASDAQ:SCHL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 23.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,353 shares of the company’s stock after selling 10,934 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Scholastic worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Scholastic in the 2nd quarter worth $35,000. Meeder Asset Management Inc. purchased a new position in Scholastic during the third quarter worth about $46,000. Innealta Capital LLC acquired a new stake in Scholastic in the second quarter valued at about $64,000. FMR LLC boosted its holdings in Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after purchasing an additional 869 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in Scholastic during the 2nd quarter worth approximately $279,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $25.26 on Wednesday. The company’s fifty day moving average is $25.86 and its two-hundred day moving average is $30.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 1.14. The firm has a market capitalization of $710.74 million, a P/E ratio of 45.11 and a beta of 1.07. Scholastic Co. has a one year low of $23.69 and a one year high of $40.74.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share for the quarter, topping the consensus estimate of ($2.48) by $0.35. The company had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. Scholastic had a net margin of 1.49% and a return on equity of 4.32%. During the same period in the prior year, the business posted ($2.20) earnings per share. Analysts forecast that Scholastic Co. will post 1.41 EPS for the current fiscal year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.17%. Scholastic’s payout ratio is 142.86%.

About Scholastic

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.