Price T Rowe Associates Inc. MD Sells 23,175 Shares of Scholastic Co. (NASDAQ:SCHL)

Price T Rowe Associates Inc. MD lessened its holdings in Scholastic Co. (NASDAQ:SCHL - Free Report) by 52.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,409 shares of the company's stock after selling 23,175 shares during the period. Price T Rowe Associates Inc. MD owned about 0.08% of Scholastic worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SCHL. JPMorgan Chase & Co. lifted its stake in shares of Scholastic by 248.8% in the 4th quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock worth $6,266,000 after purchasing an additional 209,524 shares during the period. Azarias Capital Management L.P. raised its stake in Scholastic by 71.8% during the 4th quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company's stock worth $9,978,000 after acquiring an additional 195,507 shares during the period. Invesco Ltd. raised its stake in Scholastic by 81.7% during the 4th quarter. Invesco Ltd. now owns 317,975 shares of the company's stock worth $6,782,000 after acquiring an additional 142,954 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Scholastic by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock worth $12,120,000 after acquiring an additional 66,027 shares during the period. Finally, Norges Bank bought a new stake in Scholastic during the 4th quarter worth approximately $1,295,000. Institutional investors own 82.57% of the company's stock.

Scholastic Stock Performance

NASDAQ SCHL traded down $0.10 on Monday, reaching $17.94. 211,711 shares of the stock were exchanged, compared to its average volume of 280,614. Scholastic Co. has a one year low of $15.77 and a one year high of $38.77. The firm has a market capitalization of $504.13 million, a PE ratio of -99.66 and a beta of 1.06. The company's 50-day simple moving average is $18.05 and its two-hundred day simple moving average is $20.84. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Scholastic (NASDAQ:SCHL - Get Free Report) last released 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. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The company had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. Analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic's payout ratio is 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.