XTX Topco Ltd Takes Position in Scholastic Corporation (NASDAQ:SCHL)

Key Points

• XTX Topco Ltd has acquired a new stake of 18,358 shares in Scholastic Corporation, valued at approximately $347,000, indicating a continued interest from institutional investors.
• Another significant acquisition includes Victory Capital Management Inc., which invested around $414,000 in Scholastic during the same period, contributing to institutional investors owning 82.57% of the company.
• Scholastic recently announced a quarterly dividend of $0.20 per share, representing a yield of 3.3%, and has a notable debt-to-equity ratio of 0.26.

XTX Topco Ltd bought a new position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,358 shares of the company's stock, valued at approximately $347,000. XTX Topco Ltd owned about 0.07% of Scholastic at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHL. J. Goldman & Co LP acquired a new stake in Scholastic during the fourth quarter worth about $18,892,000. JPMorgan Chase & Co. grew its position in Scholastic by 248.8% during the fourth quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock worth $6,266,000 after buying an additional 209,524 shares in the last quarter. Invesco Ltd. grew its position in Scholastic by 81.7% during the fourth quarter. Invesco Ltd. now owns 317,975 shares of the company's stock worth $6,782,000 after buying an additional 142,954 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Scholastic by 24.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 434,357 shares of the company's stock worth $9,265,000 after buying an additional 85,882 shares in the last quarter. Finally, Norges Bank acquired a new stake in Scholastic during the fourth quarter worth about $1,295,000. 82.57% of the stock is owned by institutional investors and hedge funds.

Scholastic Price Performance

SCHL traded down $0.14 during midday trading on Thursday, reaching $26.21. 68,515 shares of the company's stock were exchanged, compared to its average volume of 342,486. The firm has a market capitalization of $656.56 million, a price-to-earnings ratio of -653.48 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. Scholastic Corporation has a one year low of $15.77 and a one year high of $34.18. The business has a 50-day simple moving average of $21.94 and a two-hundred day simple moving average of $19.83.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The firm had revenue of $508.30 million during the quarter, compared to analysts' expectations of $494.59 million. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. As a group, research analysts predict that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Scholastic's dividend payout ratio (DPR) is currently -2,000.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Scholastic from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

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.