Pacer Advisors Inc. Acquires 16,379 Shares of Scholastic Co. (NASDAQ:SCHL)

Pacer Advisors Inc. grew its holdings in Scholastic Co. (NASDAQ:SCHL) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 838,366 shares of the company’s stock after acquiring an additional 16,379 shares during the period. Pacer Advisors Inc.’s holdings in Scholastic were worth $17,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in Scholastic by 744.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock worth $2,101,000 after purchasing an additional 57,852 shares during the period. Millennium Management LLC raised its stake in shares of Scholastic by 45.0% in the second quarter. Millennium Management LLC now owns 182,630 shares of the company’s stock worth $6,478,000 after buying an additional 56,647 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Scholastic during the 2nd quarter valued at about $1,936,000. Charles Schwab Investment Management Inc. grew its stake in shares of Scholastic by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock valued at $16,075,000 after acquiring an additional 41,864 shares during the period. Finally, Barclays PLC increased its holdings in Scholastic by 291.6% in the 3rd quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after acquiring an additional 30,699 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Trading Down 1.9 %

Shares of Scholastic stock opened at $19.98 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The company has a fifty day moving average of $22.90 and a 200 day moving average of $27.00. The company has a market capitalization of $561.44 million, a P/E ratio of -110.99 and a beta of 1.10. Scholastic Co. has a fifty-two week low of $18.57 and a fifty-two week high of $40.74.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. On average, sell-side analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, January 31st. Scholastic’s dividend payout ratio (DPR) is presently -444.42%.

Analyst Ratings Changes

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

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.