Kennedy Capital Management Inc. Acquires New Holdings in Scholastic Corp (NASDAQ:SCHL)

Kennedy Capital Management Inc. acquired a new position in shares of Scholastic Corp (NASDAQ:SCHL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 135,961 shares of the company’s stock, valued at approximately $5,406,000.

Several other large investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new stake in shares of Scholastic in the fourth quarter valued at about $28,000. Investors Research Corp acquired a new stake in shares of Scholastic in the first quarter valued at about $48,000. Federated Investors Inc. PA grew its position in shares of Scholastic by 22.2% in the first quarter. Federated Investors Inc. PA now owns 2,546 shares of the company’s stock valued at $101,000 after purchasing an additional 462 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Scholastic in the first quarter valued at about $246,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Scholastic by 146.4% in the first 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 last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

SCHL stock traded down $0.03 during trading on Wednesday, reaching $33.00. 1,600 shares of the stock were exchanged, compared to its average volume of 127,823. Scholastic Corp has a twelve month low of $31.38 and a twelve month high of $47.94. The company has a market cap of $1.16 billion, a PE ratio of 23.04 and a beta of 0.88.



Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, March 21st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.05). Scholastic had a return on equity of 4.30% and a net margin of 2.89%. The firm had revenue of $360.10 million for the quarter, compared to analyst estimates of $371.10 million. During the same period last year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts predict that Scholastic Corp will post 0.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, April 29th. Scholastic’s dividend payout ratio (DPR) is presently 41.96%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Scholastic from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. BidaskClub downgraded Scholastic from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. Finally, ValuEngine downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $44.50.

In related news, CEO Richard Robinson sold 1,000 shares of Scholastic stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $40.69, for a total transaction of $40,690.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.79% of the stock is owned by company insiders.

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About Scholastic

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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