Campbell & CO Investment Adviser LLC Takes $396,000 Position in Scholastic Corporation $SCHL

Campbell & CO Investment Adviser LLC bought a new position in Scholastic Corporation (NASDAQ:SCHL) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 14,465 shares of the company’s stock, valued at approximately $396,000. Campbell & CO Investment Adviser LLC owned 0.06% of Scholastic as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Scholastic during the third quarter valued at about $397,000. KLP Kapitalforvaltning AS boosted its holdings in Scholastic by 88.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock valued at $233,000 after acquiring an additional 4,000 shares during the period. CWM LLC grew its position in Scholastic by 72.0% during the 3rd quarter. CWM LLC now owns 18,245 shares of the company’s stock worth $500,000 after acquiring an additional 7,638 shares during the last quarter. GAMMA Investing LLC grew its position in Scholastic by 63.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock worth $70,000 after acquiring an additional 983 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Scholastic by 76.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 69,963 shares of the company’s stock worth $1,468,000 after purchasing an additional 30,222 shares during the period. 82.57% of the stock is owned by institutional investors.

Scholastic Stock Performance

NASDAQ:SCHL opened at $35.17 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.67 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $27.54. The stock has a market cap of $894.72 million, a P/E ratio of -175.85 and a beta of 1.17. Scholastic Corporation has a twelve month low of $15.77 and a twelve month high of $35.28.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 18th. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. During the same period in the prior year, the business earned $1.82 EPS. As a group, research analysts predict that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Scholastic’s dividend payout ratio is currently -400.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SCHL. Weiss Ratings restated a “sell (d+)” rating on shares of Scholastic in a report on Monday, December 29th. Zacks Research raised shares of Scholastic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Scholastic presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.