American Century Companies Inc. Has $20.24 Million Stock Holdings in Scholastic Corporation $SCHL

American Century Companies Inc. increased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,366 shares of the company’s stock after purchasing an additional 44,558 shares during the quarter. American Century Companies Inc. owned approximately 2.94% of Scholastic worth $20,244,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHL. Acadian Asset Management LLC boosted its position in 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 in the last quarter. AQR Capital Management LLC increased its holdings in shares of Scholastic by 160.5% during the first quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock worth $2,972,000 after buying an additional 96,998 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of 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 buying an additional 68,562 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Scholastic by 457.8% in the first quarter. Jane Street Group LLC now owns 81,390 shares of the company’s stock valued at $1,537,000 after acquiring an additional 66,798 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in shares of Scholastic by 124.0% in the second quarter. Brandes Investment Partners LP now owns 97,149 shares of the company’s stock valued at $2,038,000 after acquiring an additional 53,784 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SCHL has been the topic of a number of research analyst reports. Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 30th. B. Riley Financial reiterated a “neutral” rating and issued a $37.00 price objective on shares of Scholastic in a research report on Monday. Finally, Zacks Research lowered Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Scholastic Trading Down 3.1%

Shares of NASDAQ SCHL opened at $34.94 on Tuesday. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $36.24. The company has a 50-day moving average of $33.68 and a two-hundred day moving average of $29.95. The company has a market cap of $888.87 million, a PE ratio of -174.70 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, December 18th. The company reported $2.17 EPS for the quarter, beating 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 business had revenue of $551.10 million for the quarter, compared to analysts’ expectations of $556.72 million. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, equities analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current fiscal 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, January 30th. Scholastic’s dividend payout ratio (DPR) is presently -400.00%.

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.