Public Sector Pension Investment Board Increases Stock Holdings in Scholastic Corporation $SCHL

Key Points

• The Public Sector Pension Investment Board increased its stake in Scholastic Corporation by 27.1%, now owning 78,686 shares valued at approximately $1.5 million.
• Despite recent institutional investment activity, Wall Street analysts downgraded Scholastic from a "buy" rating to a "hold" rating on July 26th.
• Scholastic announced a quarterly dividend of $0.20 per share, with a yield of 3.2%, to be paid on September 15th.

Public Sector Pension Investment Board increased its position in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,686 shares of the company's stock after buying an additional 16,780 shares during the quarter. Public Sector Pension Investment Board owned 0.28% of Scholastic worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Nuveen LLC purchased a new position in Scholastic in the 1st quarter worth approximately $1,980,000. Charles Schwab Investment Management Inc. lifted its position in Scholastic by 12.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 637,928 shares of the company's stock valued at $12,044,000 after buying an additional 69,722 shares during the period. US Bancorp DE grew its stake in shares of Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock worth $210,000 after acquiring an additional 654 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Scholastic in the first quarter worth $347,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Scholastic by 21.6% in the first quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company's stock worth $4,802,000 after acquiring an additional 45,253 shares during the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Stock Performance

Shares of Scholastic stock traded up $0.34 during trading on Wednesday, hitting $25.87. 144,494 shares of the company's stock traded hands, compared to its average volume of 269,766. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.76. Scholastic Corporation has a 1 year low of $15.77 and a 1 year high of $34.18. The stock has a market capitalization of $648.04 million, a P/E ratio of -646.75 and a beta of 1.18. The business has a 50-day simple moving average of $23.29 and a 200-day simple moving average of $20.27.

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

Scholastic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. Scholastic's dividend payout ratio (DPR) is -2,000.00%.

Wall Street Analyst Weigh In

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

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.