Scholastic Co. (NASDAQ:SCHL) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 54.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,049 shares of the company’s stock after buying an additional 3,900 shares during the quarter. Victory Capital Management Inc.’s holdings in Scholastic were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SCHL. Pacer Advisors Inc. grew its position in shares of Scholastic by 18.1% during the second quarter. Pacer Advisors Inc. now owns 1,120,491 shares of the company’s stock worth $39,744,000 after buying an additional 171,775 shares in the last quarter. Azarias Capital Management L.P. grew its position in shares of Scholastic by 32.7% during the second quarter. Azarias Capital Management L.P. now owns 264,565 shares of the company’s stock worth $9,384,000 after buying an additional 65,120 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Scholastic by 744.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock worth $2,101,000 after purchasing an additional 57,852 shares during the last quarter. American Century Companies Inc. lifted its stake in Scholastic by 13.2% during the second quarter. American Century Companies Inc. now owns 488,259 shares of the company’s stock worth $17,319,000 after purchasing an additional 56,835 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Scholastic by 45.0% during the second quarter. Millennium Management LLC now owns 182,630 shares of the company’s stock worth $6,478,000 after purchasing an additional 56,647 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Performance

Shares of SCHL opened at $26.38 on Friday. The business’s fifty day moving average price is $26.66 and its 200 day moving average price is $31.05. Scholastic Co. has a 12-month low of $23.69 and a 12-month high of $41.79. The stock has a market capitalization of $742.33 million, a PE ratio of 48.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.48) by $0.35. The company had revenue of $237.20 million for the quarter, compared to analysts’ expectations of $233.49 million. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. During the same period last year, the business posted ($2.20) earnings per share. Equities research analysts forecast that Scholastic Co. will post 1.41 EPS for the current year.

Scholastic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, October 31st. Scholastic’s payout ratio is 142.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.