Allianz Asset Management GmbH Raises Position in Scholastic Corporation $SCHL

Allianz Asset Management GmbH boosted its position in Scholastic Corporation (NASDAQ:SCHL) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,928 shares of the company’s stock after purchasing an additional 68,562 shares during the period. Allianz Asset Management GmbH owned about 1.54% of Scholastic worth $10,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC raised its stake in shares of Scholastic by 286.6% in the second quarter. Acadian Asset Management LLC now owns 184,666 shares of the company’s stock valued at $3,873,000 after buying an additional 136,903 shares during the period. AQR Capital Management LLC raised its stake in Scholastic by 160.5% in the 1st quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock valued at $2,972,000 after acquiring an additional 96,998 shares during the period. Jane Street Group LLC lifted its holdings in Scholastic by 457.8% during the first quarter. Jane Street Group LLC now owns 81,390 shares of the company’s stock valued at $1,537,000 after purchasing an additional 66,798 shares during the last quarter. Brandes Investment Partners LP boosted its position in Scholastic by 124.0% during the second quarter. Brandes Investment Partners LP now owns 97,149 shares of the company’s stock worth $2,038,000 after purchasing an additional 53,784 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Scholastic in the second quarter worth about $691,000. 82.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCHL has been the topic of a number of recent research reports. Zacks Research upgraded shares of Scholastic from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Scholastic presently has an average rating of “Buy” and an average price target of $37.00.

Scholastic Stock Up 0.1%

SCHL opened at $34.11 on Monday. The firm has a market capitalization of $867.76 million, a P/E ratio of -170.55 and a beta of 1.19. Scholastic Corporation has a one year low of $15.77 and a one year high of $35.79. The company has a fifty day moving average price of $31.49 and a 200-day moving average price of $28.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24.

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

Scholastic Announces Dividend

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

About Scholastic

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.