Texas Permanent School Fund Corp Has $1.47 Million Stock Position in Scholastic Corporation $SCHL

by · The Cerbat Gem

Texas Permanent School Fund Corp lifted its position in Scholastic Corporation (NASDAQ:SCHL – Free Report) by 76.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 69,963 shares of the company’s stock after buying an additional 30,222 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Scholastic were worth $1,468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Scholastic by 819.5% in the 2nd quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock valued at $26,000 after acquiring an additional 1,090 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Scholastic by 458.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock valued at $66,000 after purchasing an additional 2,593 shares during the period. CWM LLC raised its stake in Scholastic by 152.9% during the 2nd quarter. CWM LLC now owns 10,607 shares of the company’s stock valued at $223,000 after purchasing an additional 6,413 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Scholastic by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock valued at $262,000 after purchasing an additional 630 shares in the last quarter. Finally, Corton Capital Inc. boosted its position in shares of Scholastic by 41.5% in the second quarter. Corton Capital Inc. now owns 14,419 shares of the company’s stock worth $303,000 after buying an additional 4,231 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Up 4.6%

SCHL opened at $28.86 on Wednesday. The company has a market capitalization of $725.54 million, a PE ratio of -144.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 0.65. Scholastic Corporation has a fifty-two week low of $15.77 and a fifty-two week high of $31.86. The business has a 50-day moving average of $28.62 and a 200-day moving average of $25.81.

Scholastic (NASDAQ:SCHL – Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analysts’ expectations of $556.72 million. Scholastic had a positive return on equity of 2.66% and a negative net margin of 0.21%.During the same quarter in the previous year, the business posted $1.82 EPS. Equities research analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Scholastic’s dividend payout ratio (DPR) is currently -400.00%.

Wall Street Analyst Weigh In

SCHL has been the topic of several recent analyst reports. Wall Street Zen lowered Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. B. Riley began coverage on Scholastic in a report on Wednesday, September 3rd. They issued a “buy” rating and a $37.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Scholastic in a research report on Monday. Finally, Zacks Research downgraded shares of Scholastic from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $37.00.

View Our Latest Research Report on SCHL

Scholastic Company Profile

(Free Report)

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.

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