60,732 Shares in Scholastic Co. (NASDAQ:SCHL) Acquired by Norges Bank

Norges Bank purchased a new position in Scholastic Co. (NASDAQ:SCHL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,732 shares of the company's stock, valued at approximately $1,295,000. Norges Bank owned approximately 0.22% of Scholastic at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHL. Pacer Advisors Inc. lifted its stake in Scholastic by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 838,366 shares of the company's stock worth $17,882,000 after purchasing an additional 16,379 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Scholastic by 10.4% in the fourth quarter. American Century Companies Inc. now owns 621,852 shares of the company's stock valued at $13,264,000 after purchasing an additional 58,483 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Scholastic by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock worth $12,120,000 after buying an additional 66,027 shares in the last quarter. Azarias Capital Management L.P. boosted its stake in Scholastic by 71.8% during the fourth quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company's stock worth $9,978,000 after buying an additional 195,507 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Scholastic by 248.8% in the 4th quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock valued at $6,266,000 after buying an additional 209,524 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Trading Up 1.1 %

Shares of NASDAQ SCHL traded up $0.18 during trading on Thursday, hitting $16.02. 95,439 shares of the company were exchanged, compared to its average volume of 262,826. The company has a fifty day moving average price of $19.30 and a 200-day moving average price of $22.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The firm has a market capitalization of $450.18 million, a PE ratio of -89.00 and a beta of 1.08. Scholastic Co. has a 12-month low of $15.71 and a 12-month high of $38.77.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73. The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. As a group, equities research analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.99%. Scholastic's dividend payout ratio is currently 133.33%.

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.