Counterpoint Mutual Funds LLC Takes $500,000 Position in Scholastic Corporation $SCHL

Counterpoint Mutual Funds LLC purchased a new stake in Scholastic Corporation (NASDAQ:SCHL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,279 shares of the company’s stock, valued at approximately $500,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Scholastic as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Scholastic by 2.8% in the second quarter. American Century Companies Inc. now owns 694,808 shares of the company’s stock worth $14,577,000 after acquiring an additional 19,225 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Scholastic by 21.5% during the third quarter. Allianz Asset Management GmbH now owns 386,928 shares of the company’s stock worth $10,594,000 after purchasing an additional 68,562 shares during the period. AQR Capital Management LLC grew its holdings in Scholastic by 58.6% during the second quarter. AQR Capital Management LLC now owns 249,683 shares of the company’s stock valued at $5,238,000 after purchasing an additional 92,247 shares during the last quarter. Acadian Asset Management LLC raised its position 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 purchasing an additional 136,903 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Scholastic by 2.7% in the second quarter. Empowered Funds LLC now owns 168,628 shares of the company’s stock worth $3,538,000 after buying an additional 4,450 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SCHL shares. 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 raised 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 issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $37.00.

Scholastic Price Performance

Shares of Scholastic stock opened at $32.86 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24. The company has a market cap of $835.96 million, a PE ratio of -164.30 and a beta of 1.19. The firm has a fifty day moving average price of $32.61 and a two-hundred day moving average price of $29.36. Scholastic Corporation has a fifty-two week low of $15.77 and a fifty-two week high of $35.98.

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

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, January 30th will be given a $0.20 dividend. The ex-dividend date is Friday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. 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.