Scholastic Co. (NASDAQ:SCHL) Stock Position Boosted by Corton Capital Inc.

Corton Capital Inc. increased its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 98.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,962 shares of the company's stock after buying an additional 14,859 shares during the quarter. Scholastic comprises 0.4% of Corton Capital Inc.'s investment portfolio, making the stock its 4th biggest holding. Corton Capital Inc. owned about 0.11% of Scholastic worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Scholastic by 2.0% during the fourth 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 during the period. American Century Companies Inc. boosted 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 acquiring an additional 58,483 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Scholastic by 13.1% in the fourth 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 during the period. Azarias Capital Management L.P. increased its position 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 purchasing an additional 195,507 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Scholastic by 12.1% in the 4th quarter. Northern Trust Corp now owns 401,755 shares of the company's stock valued at $8,569,000 after buying an additional 43,501 shares during the period. Hedge funds and other institutional investors own 82.57% of the company's stock.

Scholastic Price Performance

SCHL stock traded down $0.03 on Friday, reaching $18.94. 257,577 shares of the company's stock were exchanged, compared to its average volume of 277,453. The stock has a fifty day moving average of $18.35 and a 200-day moving average of $21.15. The firm has a market cap of $532.23 million, a PE ratio of -105.22 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. Scholastic Co. has a twelve month low of $15.77 and a twelve month high of $38.77.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. As a group, equities analysts predict that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

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 issued 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 4.22%. Scholastic's dividend payout ratio (DPR) 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.