Swiss National Bank Purchases 900 Shares of Scholastic Co. (NASDAQ:SCHL)

Swiss National Bank increased its position in Scholastic Co. (NASDAQ:SCHL – Get Rating) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 70,600 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank’s holdings in Scholastic were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Cambria Investment Management L.P. purchased a new position in Scholastic during the third quarter valued at $585,000. Gladius Capital Management LP purchased a new position in Scholastic during the fourth quarter valued at $41,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Scholastic by 26.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,946 shares of the company’s stock valued at $195,000 after purchasing an additional 1,045 shares in the last quarter. Caxton Associates LP purchased a new position in Scholastic during the third quarter valued at $992,000. Finally, Assenagon Asset Management S.A. lifted its position in Scholastic by 23.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 40,500 shares of the company’s stock valued at $1,598,000 after purchasing an additional 7,572 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

Scholastic Stock Up 0.2 %

Shares of Scholastic stock opened at $42.37 on Wednesday. The stock’s 50-day simple moving average is $37.60 and its 200-day simple moving average is $40.30. Scholastic Co. has a 52 week low of $28.22 and a 52 week high of $48.28. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.22 and a beta of 1.11.

Scholastic (NASDAQ:SCHL – Get Rating) last announced its quarterly earnings data on Thursday, March 23rd. The company reported ($0.57) EPS for the quarter. Scholastic had a net margin of 3.71% and a return on equity of 6.04%. The business had revenue of $324.90 million during the quarter. On average, equities analysts expect that Scholastic Co. will post 1.94 earnings per share for the current year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, April 28th will be given a $0.20 dividend. The ex-dividend date is Thursday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.89%. Scholastic’s dividend payout ratio is currently 47.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TheStreet downgraded Scholastic from a “b” rating to a “c+” rating in a research report on Thursday, March 23rd. StockNews.com initiated coverage on Scholastic in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Scholastic Profile

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Scholastic Corp. engages in the publication and distribution of children’s books, magazines, and teaching materials. It operates through the following segments: Children’s Book Publishing and Distribution, Education, and International. The Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media, and interactive products.