Price T Rowe Associates Inc. MD Reduces Stock Position in Scholastic Co. (NASDAQ:SCHL)

Price T Rowe Associates Inc. MD lowered its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 52.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,409 shares of the company's stock after selling 23,175 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.08% of Scholastic worth $457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Scholastic by 248.8% during the fourth quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock worth $6,266,000 after buying an additional 209,524 shares during the period. Azarias Capital Management L.P. increased its stake in shares of 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 purchasing an additional 195,507 shares during the period. Invesco Ltd. grew its position in Scholastic by 81.7% during the fourth quarter. Invesco Ltd. now owns 317,975 shares of the company's stock worth $6,782,000 after buying an additional 142,954 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock valued at $12,120,000 after purchasing an additional 66,027 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Scholastic in the 4th quarter valued at $1,295,000. 82.57% of the stock is owned by institutional investors and hedge funds.

Scholastic Stock Down 0.5%

Shares of SCHL opened at $18.75 on Wednesday. Scholastic Co. has a 52 week low of $15.77 and a 52 week high of $38.77. The stock has a market capitalization of $526.89 million, a price-to-earnings ratio of -104.16 and a beta of 1.06. 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 stock has a fifty day moving average of $18.28 and a 200-day moving average of $21.07.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.73. The firm had revenue of $335.40 million during the quarter, compared to analyst estimates of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, sell-side analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. 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 4.27%. Scholastic's dividend payout ratio (DPR) is currently 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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