State Board of Administration of Florida Retirement System Has $437,000 Stock Position in Scholastic Co. (NASDAQ:SCHL)

State Board of Administration of Florida Retirement System reduced its stake in shares of Scholastic Co. (NASDAQ:SCHLGet Rating) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,138 shares of the company’s stock after selling 1,480 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Scholastic were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHL. FinTrust Capital Advisors LLC acquired a new position in shares of Scholastic during the 1st quarter worth about $41,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Scholastic during the 2nd quarter valued at about $43,000. Captrust Financial Advisors lifted its holdings in shares of Scholastic by 69.8% during the 1st quarter. Captrust Financial Advisors now owns 2,054 shares of the company’s stock valued at $83,000 after purchasing an additional 844 shares in the last quarter. KBC Group NV bought a new position in shares of Scholastic during the 2nd quarter valued at about $92,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Scholastic by 7.3% during the 2nd quarter. SG Americas Securities LLC now owns 4,710 shares of the company’s stock valued at $169,000 after purchasing an additional 322 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Scholastic

In related news, CEO Warwick Peter acquired 3,245 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were bought at an average price of $31.03 per share, for a total transaction of $100,692.35. Following the purchase, the chief executive officer now directly owns 71,218 shares in the company, valued at approximately $2,209,894.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Scholastic in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet cut Scholastic from a “b” rating to a “c+” rating in a report on Friday, September 23rd.

Scholastic Stock Performance

NASDAQ SCHL opened at $40.00 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 25.00 and a beta of 1.11. The stock’s 50 day moving average price is $36.35 and its two-hundred day moving average price is $38.61. Scholastic Co. has a 52 week low of $28.22 and a 52 week high of $48.28.

Scholastic (NASDAQ:SCHLGet Rating) last released its earnings results on Thursday, September 22nd. The company reported ($1.33) EPS for the quarter. The firm had revenue of $262.90 million during the quarter. Scholastic had a net margin of 3.62% and a return on equity of 5.98%.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, October 28th. Scholastic’s dividend payout ratio is currently 50.00%.

Scholastic Profile

(Get Rating)

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 publishes and distributes children's books, e-books, media, and interactive products through its school book club and fair channels, as well as trade channels.

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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