EVR Research LP Has $2.45 Million Holdings in Scholastic Corporation $SCHL

Key Points

• EVR Research LP increased its stake in Scholastic Corporation by 8.3% during the first quarter, owning 130,000 shares worth approximately $2.45 million.
• Scholastic recently declared a quarterly dividend of $0.20 per share, with an annualized yield of 3.1%.
• Wall Street analysts upgraded Scholastic from a "hold" to a "buy" rating, signaling positive sentiment towards the company's future growth.

EVR Research LP raised its position in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,000 shares of the company's stock after buying an additional 10,000 shares during the period. Scholastic accounts for about 0.7% of EVR Research LP's investment portfolio, making the stock its 22nd biggest position. EVR Research LP owned 0.46% of Scholastic worth $2,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Scholastic in the first quarter valued at about $440,000. Bragg Financial Advisors Inc boosted its position in Scholastic by 40.6% in the first quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company's stock valued at $8,542,000 after buying an additional 130,572 shares in the last quarter. Quantbot Technologies LP acquired a new position in Scholastic in the first quarter valued at about $429,000. American Century Companies Inc. boosted its position in Scholastic by 8.6% in the first quarter. American Century Companies Inc. now owns 675,583 shares of the company's stock valued at $12,755,000 after buying an additional 53,731 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Scholastic by 27.1% in the first quarter. Public Sector Pension Investment Board now owns 78,686 shares of the company's stock valued at $1,486,000 after buying an additional 16,780 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Scholastic from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $25.53 on Wednesday. The business's 50 day moving average price is $23.15 and its two-hundred day moving average price is $20.23. The company has a market cap of $639.53 million, a PE ratio of -638.25 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. Scholastic Corporation has a twelve month low of $15.77 and a twelve month high of $34.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. The business had revenue of $508.30 million for the quarter, compared to analyst estimates of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. On average, analysts predict that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Scholastic's dividend payout ratio is -2,000.00%.

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.

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