Lazard Asset Management LLC Has $85,000 Position in Scholastic Co. (NASDAQ:SCHL)

Lazard Asset Management LLC boosted its position in shares of Scholastic Co. (NASDAQ:SCHLGet Rating) by 117.1% in the second quarter, Holdings Channel reports. The firm owned 2,369 shares of the company’s stock after purchasing an additional 1,278 shares during the period. Lazard Asset Management LLC’s holdings in Scholastic were worth $85,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its holdings in Scholastic by 143.2% during the second quarter. Ritholtz Wealth Management now owns 17,556 shares of the company’s stock valued at $631,000 after purchasing an additional 10,338 shares during the period. SG Americas Securities LLC acquired a new position in Scholastic during the first quarter valued at approximately $177,000. Victory Capital Management Inc. grew its holdings in Scholastic by 28.7% during the first quarter. Victory Capital Management Inc. now owns 33,839 shares of the company’s stock valued at $1,247,000 after purchasing an additional 7,538 shares during the period. New York State Common Retirement Fund grew its holdings in Scholastic by 5.9% during the first quarter. New York State Common Retirement Fund now owns 42,911 shares of the company’s stock valued at $1,728,000 after purchasing an additional 2,378 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Scholastic by 9.3% in the first quarter. Comerica Bank now owns 28,852 shares of the company’s stock valued at $1,110,000 after buying an additional 2,465 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

Scholastic Stock Up 5.8 %

Scholastic stock opened at $41.91 on Thursday. The company has a 50 day moving average of $36.12 and a 200-day moving average of $38.69. The stock has a market capitalization of $1.44 billion, a PE ratio of 26.19 and a beta of 1.11. Scholastic Co. has a twelve month low of $28.22 and a twelve month high of $48.28.

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

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, October 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, October 28th. Scholastic’s dividend payout ratio is presently 50.00%.

Insider Transactions at Scholastic

In other Scholastic news, CEO Warwick Peter acquired 3,245 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average price of $31.03 per share, with a total value of $100,692.35. Following the completion of the transaction, the chief executive officer now directly owns 71,218 shares in the company, valued at approximately $2,209,894.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHL. StockNews.com began coverage on shares of Scholastic in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet cut shares of Scholastic from a “b” rating to a “c+” rating in a report on Friday, September 23rd.

Scholastic Profile

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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.

See Also

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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