Jane Street Group LLC Reduces Position in Scholastic Co. (NASDAQ:SCHL)

Jane Street Group LLC trimmed its stake in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 72.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,592 shares of the company's stock after selling 37,917 shares during the quarter. Jane Street Group LLC owned about 0.05% of Scholastic worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Scholastic by 12.1% during the 4th quarter. Northern Trust Corp now owns 401,755 shares of the company's stock worth $8,569,000 after acquiring an additional 43,501 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of Scholastic by 13.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company's stock valued at $349,000 after buying an additional 1,902 shares during the period. EVR Research LP lifted its holdings in shares of Scholastic by 9.1% in the 4th quarter. EVR Research LP now owns 120,000 shares of the company's stock valued at $2,560,000 after buying an additional 10,000 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Scholastic by 7.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock valued at $201,000 after buying an additional 662 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Scholastic by 3.9% in the 4th quarter. Kennedy Capital Management LLC now owns 118,501 shares of the company's stock valued at $2,528,000 after buying an additional 4,476 shares during the period. 82.57% of the stock is owned by institutional investors and hedge funds.

Scholastic Price Performance

Shares of SCHL traded down $0.19 during mid-day trading on Friday, hitting $18.06. The company's stock had a trading volume of 221,426 shares, compared to its average volume of 285,167. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $17.56 and a 200 day simple moving average of $20.13. The firm has a market capitalization of $507.50 million, a P/E ratio of -100.33 and a beta of 1.03. Scholastic Co. has a 1-year low of $15.77 and a 1-year high of $38.77.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million during 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%. Analysts predict that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.43%. Scholastic's dividend payout ratio is presently 133.33%.

About Scholastic

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.