Brandes Investment Partners LP Increases Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

Brandes Investment Partners LP lifted its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 288.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,162 shares of the company’s stock after buying an additional 26,111 shares during the period. Brandes Investment Partners LP’s holdings in Scholastic were worth $750,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCHL. Azarias Capital Management L.P. boosted its position 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 valued at $9,978,000 after buying an additional 195,507 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $12,120,000 after purchasing an additional 66,027 shares during the last quarter. Barclays PLC boosted its position in Scholastic by 291.6% in the third quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after purchasing an additional 30,699 shares during the last quarter. Martingale Asset Management L P boosted its position in Scholastic by 128.1% in the third quarter. Martingale Asset Management L P now owns 49,529 shares of the company’s stock worth $1,585,000 after purchasing an additional 27,812 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Scholastic by 83.9% in the third quarter. Royce & Associates LP now owns 42,194 shares of the company’s stock worth $1,351,000 after purchasing an additional 19,255 shares during the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Stock Down 3.1 %

SCHL stock opened at $19.42 on Friday. The stock’s fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $24.44. 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 Co. has a 1-year low of $17.72 and a 1-year high of $39.54. The stock has a market cap of $545.72 million, a P/E ratio of -107.88 and a beta of 1.10.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

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.