Millennium Management LLC Has $831,000 Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

Millennium Management LLC cut its holdings in Scholastic Co. (NASDAQ:SCHL - Free Report) by 74.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,980 shares of the company's stock after selling 115,923 shares during the quarter. Millennium Management LLC owned about 0.14% of Scholastic worth $831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Scholastic by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock valued at $282,000 after acquiring an additional 530 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Scholastic by 7.5% in the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock valued at $201,000 after acquiring an additional 662 shares during the last quarter. Rhumbline Advisers lifted its stake in 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 acquiring an additional 860 shares during the last quarter. KBC Group NV lifted its stake in Scholastic by 125.4% in the fourth 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 last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Scholastic in the fourth quarter valued at approximately $33,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Price Performance

NASDAQ SCHL opened at $18.06 on Friday. 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 stock has a market capitalization of $507.50 million, a PE ratio of -100.33 and a beta of 1.03. The company has a 50 day moving average price of $17.56 and a two-hundred day moving average price of $20.13. Scholastic Co. has a 12-month low of $15.77 and a 12-month high of $38.77.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted 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 firm had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million. As a group, equities analysts predict that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Wednesday, April 30th. Scholastic's payout ratio is 133.33%.

About Scholastic

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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