American Century Companies Inc. Buys 58,483 Shares of Scholastic Co. (NASDAQ:SCHL)

American Century Companies Inc. increased its stake in Scholastic Co. (NASDAQ:SCHL) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 621,852 shares of the company’s stock after purchasing an additional 58,483 shares during the quarter. American Century Companies Inc. owned approximately 2.21% of Scholastic worth $13,264,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SCHL. Rhumbline Advisers raised its stake in shares of Scholastic by 1.1% in the fourth quarter. Rhumbline Advisers now owns 81,637 shares of the company’s stock valued at $1,741,000 after buying an additional 860 shares during the period. FMR LLC increased its holdings in Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after acquiring an additional 869 shares during the last quarter. KBC Group NV raised its stake in Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after acquiring an additional 1,359 shares during the period. Teacher Retirement System of Texas lifted its holdings in Scholastic by 2.8% during the fourth quarter. Teacher Retirement System of Texas now owns 73,753 shares of the company’s stock valued at $1,573,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Scholastic by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 120,446 shares of the company’s stock worth $2,569,000 after purchasing an additional 2,882 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Price Performance

SCHL opened at $18.84 on Wednesday. The company has a market capitalization of $529.42 million, a price-to-earnings ratio of -104.66 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $19.93 and a 200-day moving average price of $23.37. Scholastic Co. has a twelve month low of $17.72 and a twelve month high of $38.77.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The business had revenue of $335.40 million for the quarter, compared to analysts’ expectations of $347.68 million. Equities analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.25%. Scholastic’s dividend payout ratio is currently 133.33%.

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.