Ceredex Value Advisors LLC Sells 32,501 Shares of Scholastic Co. (NASDAQ:SCHL)

Ceredex Value Advisors LLC lowered its stake in Scholastic Co. (NASDAQ:SCHL - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 182,627 shares of the company's stock after selling 32,501 shares during the period. Ceredex Value Advisors LLC owned approximately 0.61% of Scholastic worth $6,885,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Scholastic by 2.6% during the first quarter. Bank of Montreal Can now owns 14,576 shares of the company's stock worth $610,000 after purchasing an additional 363 shares during the period. California State Teachers Retirement System grew its stake in shares of Scholastic by 1.0% during the third quarter. California State Teachers Retirement System now owns 37,129 shares of the company's stock worth $1,142,000 after buying an additional 374 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Scholastic by 1.1% in the 1st quarter. New York State Common Retirement Fund now owns 33,683 shares of the company's stock worth $1,153,000 after purchasing an additional 374 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Scholastic by 19.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,741 shares of the company's stock valued at $107,000 after buying an additional 444 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Scholastic by 6.7% during the first quarter. Mercer Global Advisors Inc. ADV now owns 7,181 shares of the company's stock valued at $246,000 after acquiring an additional 451 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SCHL has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Scholastic from a "c+" rating to a "b" rating in a research report on Thursday, December 14th. StockNews.com upgraded shares of Scholastic from a "hold" rating to a "buy" rating in a report on Friday, March 22nd.

Scholastic Stock Performance

NASDAQ:SCHL traded down $0.34 during trading hours on Monday, reaching $36.14. The stock had a trading volume of 113,226 shares, compared to its average volume of 271,285. The stock has a market cap of $1.03 billion, a P/E ratio of 24.92 and a beta of 1.05. The stock has a 50 day simple moving average of $38.17 and a 200 day simple moving average of $38.17. Scholastic Co. has a 12-month low of $32.50 and a 12-month high of $45.98.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.80) EPS for the quarter, hitting analysts' consensus estimates of ($0.80). Scholastic had a return on equity of 5.57% and a net margin of 3.16%. The firm had revenue of $323.70 million during the quarter, compared to analyst estimates of $329.21 million. During the same period last year, the company earned ($0.57) earnings per share. On average, equities analysts expect that Scholastic Co. will post 2.01 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, April 29th. Scholastic's dividend payout ratio is 55.17%.

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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.