Scholastic Corporation (SCHL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in Scholastic Corporation (NASDAQ:SCHL) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 123,200 shares of the company’s stock after selling 13,500 shares during the period. California Public Employees Retirement System owned about 0.35% of Scholastic Corporation worth $5,370,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Scholastic Corporation by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,148,931 shares of the company’s stock valued at $93,672,000 after acquiring an additional 19,222 shares during the period. Northern Trust Corp raised its stake in shares of Scholastic Corporation by 6.7% in the 2nd quarter. Northern Trust Corp now owns 1,196,201 shares of the company’s stock valued at $52,143,000 after acquiring an additional 75,333 shares during the period. Lazard Asset Management LLC raised its stake in shares of Scholastic Corporation by 9.0% in the 2nd quarter. Lazard Asset Management LLC now owns 258,119 shares of the company’s stock valued at $11,251,000 after acquiring an additional 21,385 shares during the period. New York State Common Retirement Fund raised its stake in shares of Scholastic Corporation by 8.0% in the 2nd quarter. New York State Common Retirement Fund now owns 31,000 shares of the company’s stock valued at $1,351,000 after acquiring an additional 2,299 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of Scholastic Corporation by 8.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 16,500 shares of the company’s stock valued at $719,000 after acquiring an additional 1,290 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

SCHL has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic Corporation in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of Scholastic Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Scholastic Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

Shares of Scholastic Corporation (NASDAQ SCHL) opened at 36.86 on Wednesday. The stock has a 50 day moving average of $38.03 and a 200-day moving average of $41.33. The stock has a market capitalization of $1.29 billion, a P/E ratio of 46.72 and a beta of 0.73. Scholastic Corporation has a 1-year low of $33.51 and a 1-year high of $49.38.

Scholastic Corporation (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The business had revenue of $189.20 million during the quarter, compared to analysts’ expectations of $208.00 million. During the same quarter in the previous year, the business posted ($1.15) EPS. The company’s quarterly revenue was down 33.1% on a year-over-year basis. Equities research analysts predict that Scholastic Corporation will post $1.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.63%. Scholastic Corporation’s payout ratio is 77.92%.

Shares of Scholastic Corporation (NASDAQ SCHL) opened at 36.86 on Wednesday. The stock has a 50 day moving average of $38.03 and a 200-day moving average of $41.33. The stock has a market capitalization of $1.29 billion, a P/E ratio of 46.72 and a beta of 0.73. Scholastic Corporation has a 1-year low of $33.51 and a 1-year high of $49.38.

Scholastic Corporation (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The business had revenue of $189.20 million during the quarter, compared to analysts’ expectations of $208.00 million. During the same quarter in the previous year, the business posted ($1.15) EPS. The company’s quarterly revenue was down 33.1% on a year-over-year basis. Equities research analysts predict that Scholastic Corporation will post $1.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.63%. Scholastic Corporation’s payout ratio is 77.92%.

TRADEMARK VIOLATION NOTICE: “Scholastic Corporation (SCHL) Shares Sold by California Public Employees Retirement System” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/18/scholastic-corporation-schl-shares-sold-by-california-public-employees-retirement-system.html.

Scholastic Corporation Profile

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.

Institutional Ownership by Quarter for Scholastic Corporation (NASDAQ:SCHL)

Receive News & Ratings for Scholastic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply