Louisiana State Employees Retirement System acquired a new stake in shares of Scholastic Co. (NASDAQ:SCHL – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,400 shares of the company's stock, valued at approximately $443,000.
A number of other institutional investors have also recently made changes to their positions in SCHL. Goldman Sachs Group Inc. grew its position in Scholastic by 84.0% in the second quarter. Goldman Sachs Group Inc. now owns 213,682 shares of the company's stock worth $7,686,000 after acquiring an additional 97,540 shares in the last quarter. Invesco Ltd. grew its position in Scholastic by 36.7% in the first quarter. Invesco Ltd. now owns 352,310 shares of the company's stock worth $14,191,000 after acquiring an additional 94,623 shares in the last quarter. Russell Investments Group Ltd. grew its position in Scholastic by 32.5% in the second quarter. Russell Investments Group Ltd. now owns 354,530 shares of the company's stock worth $12,751,000 after acquiring an additional 87,039 shares in the last quarter. FMR LLC grew its position in Scholastic by 12.2% in the second quarter. FMR LLC now owns 541,063 shares of the company's stock worth $19,463,000 after acquiring an additional 58,879 shares in the last quarter. Finally, State Street Corp grew its position in Scholastic by 3.6% in the second quarter. State Street Corp now owns 1,059,880 shares of the company's stock worth $38,124,000 after acquiring an additional 37,032 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company's stock.
Get Scholastic alerts:Analyst Upgrades and Downgrades
Several research firms recently commented on SCHL. StockNews.com upgraded Scholastic from a "hold" rating to a "buy" rating in a research report on Monday, December 19th. TheStreet upgraded Scholastic from a "c" rating to a "b-" rating in a research report on Thursday, December 15th.
Scholastic Price Performance
Shares of NASDAQ:SCHL opened at $40.98 on Wednesday. Scholastic Co. has a 1 year low of $28.22 and a 1 year high of $48.28. The business has a 50 day simple moving average of $39.25 and a two-hundred day simple moving average of $39.45. The firm has a market capitalization of $1.39 billion, a PE ratio of 22.64 and a beta of 1.10.Scholastic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.95%. Scholastic's dividend payout ratio (DPR) is presently 44.20%.
Scholastic Company 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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