Swiss National Bank Has $1.03 Million Position in Scholastic Co. (NASDAQ:SCHL)

Swiss National Bank lessened its holdings in shares of Scholastic Co. (NASDAQ:SCHL) by 1.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,400 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank’s holdings in Scholastic were worth $1,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. KBC Group NV increased its position in shares of Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock worth $52,000 after buying an additional 1,359 shares during the period. FMR LLC grew its stake in 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 acquiring an additional 869 shares during the period. Paloma Partners Management Co bought a new stake in Scholastic during the 3rd quarter valued at $243,000. BNP Paribas Financial Markets raised its holdings in shares of Scholastic by 99.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after acquiring an additional 4,845 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Scholastic by 127.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,762 shares of the company’s stock worth $315,000 after purchasing an additional 8,278 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Price Performance

Shares of NASDAQ:SCHL opened at $18.67 on Friday. Scholastic Co. has a 1-year low of $17.72 and a 1-year high of $38.77. The stock has a market cap of $524.65 million, a PE ratio of -103.72 and a beta of 1.10. The stock’s fifty day simple moving average is $19.98 and its two-hundred day simple moving average is $23.59. 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) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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, analysts forecast that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. Scholastic’s dividend payout ratio is presently 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.