Great West Life Assurance Co. Can Has $704,000 Stock Position in Scholastic Co. (NASDAQ:SCHL)


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Great West Life Assurance Co. Can reduced its stake in Scholastic Co. (NASDAQ:SCHL) by 9.0% during the third quarter, Holdings Channel.com reports. The fund owned 33,573 shares of the company’s stock after selling 3,321 shares during the period. Great West Life Assurance Co. Can’s holdings in Scholastic were worth $704,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Scholastic in the third quarter valued at approximately $1,157,000. GSA Capital Partners LLP bought a new stake in shares of Scholastic during the third quarter valued at approximately $494,000. Assenagon Asset Management S.A. bought a new stake in shares of Scholastic during the third quarter valued at approximately $2,700,000. Handelsbanken Fonder AB bought a new stake in shares of Scholastic during the second quarter valued at approximately $258,000. Finally, Jane Street Group LLC bought a new stake in shares of Scholastic during the second quarter valued at approximately $337,000. 76.05% of the stock is currently owned by institutional investors.

Shares of Scholastic stock opened at $25.72 on Thursday. The stock has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $23.99. Scholastic Co. has a 12-month low of $18.80 and a 12-month high of $37.15. The company has a market capitalization of $882.22 million, a P/E ratio of -33.40 and a beta of 0.89. The company has a current ratio of 1.87, a quick ratio of 1.30 and a debt-to-equity ratio of 0.17.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Wednesday, December 16th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.23). Scholastic had a positive return on equity of 1.82% and a negative net margin of 1.71%. The company had revenue of $406.20 million for the quarter, compared to the consensus estimate of $528.00 million. During the same quarter last year, the company posted $2.02 EPS. The company’s quarterly revenue was down 32.0% compared to the same quarter last year. On average, analysts predict that Scholastic Co. will post 0.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, January 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 28th. This represents a $0.60 annualized dividend and a yield of 2.33%. Scholastic’s dividend payout ratio is currently -750.00%.

SCHL has been the subject of several recent research reports. ValuEngine upgraded Scholastic from a “hold” rating to a “buy” rating in a report on Tuesday, December 1st. BidaskClub upgraded Scholastic from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Stifel Nicolaus decreased their price objective on Scholastic from $26.00 to $24.00 and set a “hold” rating for the company in a report on Monday, September 28th. Finally, Zacks Investment Research upgraded Scholastic from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Thursday, December 24th.

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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