Scholastic Co. (NASDAQ:SCHL) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Scholastic Co. (NASDAQ:SCHL - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,592 shares of the company's stock after selling 37,917 shares during the quarter. Jane Street Group LLC owned 0.05% of Scholastic worth $311,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SCHL. JPMorgan Chase & Co. boosted its stake in shares of Scholastic by 248.8% during the 4th quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock worth $6,266,000 after acquiring an additional 209,524 shares in the last quarter. Azarias Capital Management L.P. lifted its holdings in shares of Scholastic by 71.8% during the fourth quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company's stock valued at $9,978,000 after purchasing an additional 195,507 shares during the last quarter. Invesco Ltd. boosted its position in shares of Scholastic by 81.7% in the 4th quarter. Invesco Ltd. now owns 317,975 shares of the company's stock valued at $6,782,000 after purchasing an additional 142,954 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock worth $12,120,000 after purchasing an additional 66,027 shares in the last quarter. Finally, Norges Bank purchased a new position in Scholastic in the 4th quarter worth about $1,295,000. Institutional investors own 82.57% of the company's stock.

Scholastic Trading Up 3.3%

SCHL stock traded up $0.58 during mid-day trading on Thursday, reaching $18.19. 123,055 shares of the stock traded hands, compared to its average volume of 283,581. Scholastic Co. has a 52-week low of $15.77 and a 52-week high of $38.77. The stock's fifty day moving average is $17.59 and its 200-day moving average is $20.22. The company has a market cap of $511.02 million, a P/E ratio of -101.27 and a beta of 1.06. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

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

Scholastic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.40%. Scholastic's dividend payout ratio (DPR) 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.