Campbell & CO Investment Adviser LLC Acquires Shares of 14,465 Scholastic Corporation $SCHL

Campbell & CO Investment Adviser LLC bought a new position in Scholastic Corporation (NASDAQ:SCHL) during the third quarter, Holdings Channel reports. The fund bought 14,465 shares of the company’s stock, valued at approximately $396,000.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Scholastic by 286.6% during the second quarter. Acadian Asset Management LLC now owns 184,666 shares of the company’s stock worth $3,873,000 after acquiring an additional 136,903 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Scholastic by 160.5% during the first quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock valued at $2,972,000 after purchasing an additional 96,998 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Scholastic by 457.8% in the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company’s stock worth $1,537,000 after purchasing an additional 66,798 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Scholastic by 25.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 318,366 shares of the company’s stock worth $6,679,000 after buying an additional 64,026 shares during the last quarter. Finally, Brandes Investment Partners LP increased its position in Scholastic by 124.0% during the 2nd quarter. Brandes Investment Partners LP now owns 97,149 shares of the company’s stock valued at $2,038,000 after buying an additional 53,784 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SCHL shares. Zacks Research raised Scholastic from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Scholastic in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.00.

Scholastic Trading Up 2.1%

Shares of NASDAQ:SCHL opened at $35.17 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24. Scholastic Corporation has a 1 year low of $15.77 and a 1 year high of $35.28. The company has a market cap of $894.72 million, a P/E ratio of -175.85 and a beta of 1.17. The stock’s fifty day moving average price is $30.20 and its 200-day moving average price is $27.54.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 18th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. Scholastic had a positive return on equity of 2.66% and a negative net margin of 0.21%.During the same quarter in the previous year, the firm earned $1.82 EPS. Sell-side analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, January 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, January 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Scholastic’s dividend payout ratio is -400.00%.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.