Thrivent Financial for Lutherans Lowers Holdings in Scholastic Co. (NASDAQ:SCHL)

Thrivent Financial for Lutherans trimmed its position in Scholastic Co. (NASDAQ:SCHL) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,662 shares of the company’s stock after selling 1,529 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Scholastic worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Scholastic in the 2nd quarter valued at $35,000. Innealta Capital LLC purchased a new position in Scholastic in the 2nd quarter valued at $64,000. Commonwealth Equity Services LLC purchased a new position in Scholastic in the 2nd quarter valued at $279,000. BOKF NA purchased a new position in Scholastic in the 2nd quarter valued at $299,000. Finally, Quest Partners LLC purchased a new stake in shares of Scholastic during the 2nd quarter worth $345,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $26.30 on Thursday. The firm has a market capitalization of $740.00 million, a P/E ratio of 46.79 and a beta of 1.07. Scholastic Co. has a one year low of $23.69 and a one year high of $41.79. The company’s fifty day moving average is $26.38 and its two-hundred day moving average is $30.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 1.14.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, September 26th. The company reported ($2.13) EPS for the quarter, topping the consensus estimate of ($2.48) by $0.35. The company had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. Scholastic had a net margin of 1.49% and a return on equity of 4.32%. During the same period in the previous year, the firm earned ($2.20) EPS. Analysts forecast that Scholastic Co. will post 1.41 EPS for the current fiscal year.

Scholastic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, October 31st. Scholastic’s dividend payout ratio (DPR) is presently 142.86%.

Scholastic 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.