Ibex Wealth Advisors Acquires New Holdings in Scholastic Corporation $SCHL

Ibex Wealth Advisors bought a new position in Scholastic Corporation (NASDAQ:SCHL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,030 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Scholastic by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock valued at $262,000 after purchasing an additional 630 shares during the period. GAMMA Investing LLC grew its stake in Scholastic by 63.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock valued at $70,000 after buying an additional 983 shares during the last quarter. Strs Ohio raised its holdings in Scholastic by 5.0% in the 3rd quarter. Strs Ohio now owns 25,000 shares of the company’s stock worth $684,000 after acquiring an additional 1,200 shares during the period. Public Sector Pension Investment Board lifted its position in Scholastic by 1.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock worth $1,682,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Scholastic by 13.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,259 shares of the company’s stock valued at $425,000 after acquiring an additional 2,423 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SCHL. Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Zacks Research raised Scholastic from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Scholastic Stock Performance

SCHL opened at $34.77 on Friday. The stock’s 50 day simple moving average is $32.98 and its 200-day simple moving average is $29.53. The company has a current ratio of 1.67, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a market cap of $884.55 million, a PE ratio of -173.85 and a beta of 1.19. Scholastic Corporation has a 1 year low of $15.77 and a 1 year high of $35.98.

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

Scholastic Dividend Announcement

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

About Scholastic

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.