Scholastic Corporation (SCHL) Holdings Increased by Zuckerman Investment Group LLC
Zuckerman Investment Group LLC grew its holdings in Scholastic Corporation (NASDAQ:SCHL) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 631,913 shares of the company’s stock after purchasing an additional 41,037 shares during the period. Scholastic comprises approximately 5.8% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 4th biggest holding. Zuckerman Investment Group LLC owned approximately 1.80% of Scholastic worth $23,507,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of SCHL. Teachers Advisors LLC grew its stake in shares of Scholastic by 8.0% in the first quarter. Teachers Advisors LLC now owns 47,701 shares of the company’s stock valued at $2,031,000 after buying an additional 3,540 shares in the last quarter. Morgan Stanley grew its stake in shares of Scholastic by 26.9% in the first quarter. Morgan Stanley now owns 126,713 shares of the company’s stock valued at $5,393,000 after buying an additional 26,845 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Scholastic by 0.9% in the second quarter. Bank of Montreal Can now owns 6,628 shares of the company’s stock valued at $289,000 after buying an additional 57 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Scholastic by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company’s stock valued at $484,000 after buying an additional 100 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Scholastic by 15.1% in the second quarter. Aperio Group LLC now owns 13,088 shares of the company’s stock valued at $571,000 after buying an additional 1,714 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and issued a $44.00 target price on shares of Scholastic in a research note on Wednesday, August 16th. Finally, BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday.
In other Scholastic news, insider Alan J. Boyko sold 13,100 shares of Scholastic stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the transaction, the insider now directly owns 44,146 shares of the company’s stock, valued at $1,800,715.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 22.30% of the company’s stock.
Scholastic Corporation (SCHL) opened at $41.60 on Wednesday. Scholastic Corporation has a 52-week low of $33.51 and a 52-week high of $49.38. The company has a market cap of $1,463.58, a price-to-earnings ratio of 32.91 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.34) by ($0.33). Scholastic had a return on equity of 3.57% and a net margin of 1.71%. The company had revenue of $189.20 million for the quarter, compared to the consensus estimate of $208.00 million. During the same period last year, the firm earned ($1.15) earnings per share. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. equities analysts predict that Scholastic Corporation will post 1.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. Scholastic’s dividend payout ratio (DPR) is 77.92%.
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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