Brevan Howard Capital Management LP Takes Position in Scholastic Co. (NASDAQ:SCHL)

Brevan Howard Capital Management LP acquired a new stake in Scholastic Co. (NASDAQ:SCHL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,939 shares of the company's stock, valued at approximately $404,000. Brevan Howard Capital Management LP owned approximately 0.07% of Scholastic as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in Scholastic by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company's stock valued at $17,882,000 after purchasing an additional 16,379 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Scholastic by 248.8% during the fourth quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock valued at $6,266,000 after buying an additional 209,524 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Scholastic by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 120,446 shares of the company's stock valued at $2,569,000 after buying an additional 2,882 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Scholastic by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock valued at $12,120,000 after buying an additional 66,027 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Scholastic by 291.6% during the third quarter. Barclays PLC now owns 41,228 shares of the company's stock valued at $1,319,000 after buying an additional 30,699 shares during the last quarter. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Trading Down 7.2%

Shares of SCHL traded down $1.35 during mid-day trading on Wednesday, reaching $17.40. 394,037 shares of the company's stock traded hands, compared to its average volume of 279,224. Scholastic Co. has a 12 month low of $15.77 and a 12 month high of $38.77. The stock has a market cap of $488.96 million, a P/E ratio of -96.66 and a beta of 1.06. The stock's 50-day moving average is $18.28 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Research analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.60%. Scholastic's dividend payout ratio is presently 133.33%.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.