Pacer Advisors Inc. Has $26.31 Million Stake in Scholastic Co. (NASDAQ:SCHL)

Pacer Advisors Inc. decreased its position in Scholastic Co. (NASDAQ:SCHL) by 26.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 821,987 shares of the company’s stock after selling 298,504 shares during the quarter. Pacer Advisors Inc. owned 2.92% of Scholastic worth $26,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in shares of Scholastic by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock valued at $525,000 after purchasing an additional 489 shares during the period. Inspire Investing LLC grew its holdings in shares of Scholastic by 6.4% in the 2nd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock valued at $398,000 after acquiring an additional 675 shares in the last quarter. Creative Planning grew its holdings in shares of Scholastic by 4.4% in the 3rd quarter. Creative Planning now owns 16,135 shares of the company’s stock valued at $516,000 after acquiring an additional 679 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Scholastic by 11.4% in the 1st quarter. Bessemer Group Inc. now owns 7,455 shares of the company’s stock valued at $281,000 after acquiring an additional 762 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Scholastic in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $25.46 on Friday. The stock has a market capitalization of $716.44 million, a price-to-earnings ratio of 45.47 and a beta of 1.06. The business has a 50-day moving average of $27.05 and a 200-day moving average of $31.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64. Scholastic Co. has a fifty-two week low of $23.69 and a fifty-two week high of $41.79.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($2.13) EPS for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. The business had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $233.49 million. During the same quarter last year, the company posted ($2.20) earnings per share. As a group, sell-side analysts predict that Scholastic Co. will post 1.41 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Thursday, October 31st. Scholastic’s payout ratio is currently 142.86%.

Analyst Ratings Changes

Separately, StockNews.com cut Scholastic from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

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.