Scholastic Co. (NASDAQ:SCHL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Scholastic Co. (NASDAQ:SCHL) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,752 shares of the company’s stock after selling 651 shares during the period. Natixis Advisors LLC owned 0.06% of Scholastic worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after purchasing an additional 869 shares in the last quarter. KBC Group NV lifted its stake in Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after buying an additional 1,359 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Scholastic during the 3rd quarter valued at $243,000. BNP Paribas Financial Markets increased its position in Scholastic by 99.6% during the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after buying an additional 4,845 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Scholastic by 54.6% in the third quarter. Victory Capital Management Inc. now owns 11,049 shares of the company’s stock worth $354,000 after acquiring an additional 3,900 shares during the last quarter. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Stock Down 1.1 %

SCHL opened at $18.65 on Friday. The firm has a market cap of $524.08 million, a P/E ratio of -103.61 and a beta of 1.10. The business’s fifty day simple moving average is $20.00 and its 200 day simple moving average is $23.72. Scholastic Co. has a 52 week low of $17.72 and a 52 week high of $38.77. 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 (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.73. The company had revenue of $335.40 million for the quarter, compared to analysts’ expectations 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 anticipate that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s dividend payout ratio (DPR) is 133.33%.

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 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.