California State Teachers Retirement System Has $488,000 Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

California State Teachers Retirement System decreased its holdings in Scholastic Co. (NASDAQ:SCHL) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,889 shares of the company’s stock after selling 641 shares during the quarter. California State Teachers Retirement System owned 0.08% of Scholastic worth $488,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Scholastic by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock worth $282,000 after purchasing an additional 530 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Scholastic by 7.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock worth $201,000 after purchasing an additional 662 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Scholastic by 1.1% in the 4th quarter. Rhumbline Advisers now owns 81,637 shares of the company’s stock worth $1,741,000 after purchasing an additional 860 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Scholastic in the 4th quarter worth about $33,000. Finally, BOKF NA grew its holdings in shares of Scholastic by 17.7% in the 4th quarter. BOKF NA now owns 10,987 shares of the company’s stock worth $234,000 after purchasing an additional 1,656 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Down 0.4%

SCHL opened at $19.01 on Thursday. The firm’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $20.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. Scholastic Co. has a twelve month low of $15.77 and a twelve month high of $38.77. The firm has a market cap of $534.20 million, a price-to-earnings ratio of -105.61 and a beta of 1.03.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.73. The firm had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Equities research analysts anticipate that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s payout ratio is presently 133.33%.

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.