Zebra Capital Management LLC Has $520,000 Holdings in Scholastic Corp (NASDAQ:SCHL)

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Zebra Capital Management LLC cut its holdings in shares of Scholastic Corp (NASDAQ:SCHL) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,645 shares of the company’s stock after selling 1,799 shares during the period. Zebra Capital Management LLC’s holdings in Scholastic were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SCHL. Tower Research Capital LLC TRC lifted its position in Scholastic by 764.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,522 shares of the company’s stock valued at $51,000 after purchasing an additional 1,346 shares during the period. Pathstone Family Office LLC lifted its position in Scholastic by 6,457.4% during the 2nd quarter. Pathstone Family Office LLC now owns 4,000 shares of the company’s stock valued at $133,000 after purchasing an additional 3,939 shares during the period. WINTON GROUP Ltd acquired a new position in Scholastic during the 2nd quarter valued at about $248,000. Atria Investments LLC acquired a new position in Scholastic during the 2nd quarter valued at about $250,000. Finally, BNP Paribas Arbitrage SA lifted its position in Scholastic by 146.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,522 shares of the company’s stock valued at $259,000 after purchasing an additional 3,875 shares during the period. Institutional investors own 79.02% of the company’s stock.

Shares of SCHL stock traded down $1.23 on Thursday, reaching $37.81. The company had a trading volume of 17,938 shares, compared to its average volume of 146,896. The stock has a market cap of $1.40 billion, a PE ratio of 35.03 and a beta of 0.84. The company has a 50-day moving average of $35.41 and a 200-day moving average of $36.64. Scholastic Corp has a 12 month low of $31.38 and a 12 month high of $47.94.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.29. The company had revenue of $470.70 million during the quarter, compared to analysts’ expectations of $456.80 million. Scholastic had a return on equity of 3.49% and a net margin of 0.94%. Scholastic’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Analysts anticipate that Scholastic Corp will post 1.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. Scholastic’s dividend payout ratio (DPR) is presently 55.56%.

A number of brokerages have recently commented on SCHL. BidaskClub raised Scholastic from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research raised Scholastic from a “strong sell” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 1st. Finally, ValuEngine cut Scholastic from a “hold” rating to a “sell” rating in a research note on Friday, June 14th.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, 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 school book fair channels, as well as through its trade channel.

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Institutional Ownership by Quarter for Scholastic (NASDAQ:SCHL)

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