Acadian Asset Management LLC Acquires 136,903 Shares of Scholastic Corporation $SCHL

Acadian Asset Management LLC increased its stake in Scholastic Corporation (NASDAQ:SCHL) by 286.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,666 shares of the company’s stock after purchasing an additional 136,903 shares during the quarter. Acadian Asset Management LLC owned approximately 0.74% of Scholastic worth $3,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ananym Capital Management LP bought a new stake in Scholastic during the 1st quarter worth approximately $23,600,000. Jones Financial Companies Lllp boosted its position in Scholastic by 245,664.0% during the first quarter. Jones Financial Companies Lllp now owns 518,562 shares of the company’s stock valued at $9,790,000 after buying an additional 518,351 shares during the period. Bragg Financial Advisors Inc increased its stake in Scholastic by 40.6% in the 1st quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company’s stock worth $8,542,000 after purchasing an additional 130,572 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Scholastic by 39.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 444,779 shares of the company’s stock worth $8,397,000 after buying an additional 126,260 shares during the period. Finally, Nuveen LLC bought a new position in shares of Scholastic during the first quarter valued at about $1,980,000. 82.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SCHL shares. Wall Street Zen lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of Scholastic in a research note on Wednesday, October 8th. Zacks Research raised Scholastic from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Finally, B. Riley started coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.00.

Scholastic Stock Performance

Shares of Scholastic stock opened at $28.27 on Friday. The company has a market capitalization of $710.68 million, a PE ratio of -42.83 and a beta of 1.24. Scholastic Corporation has a 52 week low of $15.77 and a 52 week high of $29.59. The stock’s fifty day moving average is $27.83 and its two-hundred day moving average is $23.61. The company has a quick ratio of 0.65, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share for the quarter, missing the consensus estimate of ($2.44) by ($0.08). Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.The firm had revenue of $225.60 million during the quarter, compared to analysts’ expectations of $240.41 million. During the same quarter in the prior year, the company posted ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. As a group, analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, October 31st will be paid a $0.20 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. Scholastic’s dividend payout ratio (DPR) is -121.21%.

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 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.