Tudor Investment Corp ET AL Sells 43,606 Shares of Scholastic Co. (NASDAQ:SCHL)

Tudor Investment Corp ET AL lessened its position in Scholastic Co. (NASDAQ:SCHL - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,405 shares of the company's stock after selling 43,606 shares during the period. Tudor Investment Corp ET AL owned 0.20% of Scholastic worth $1,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SCHL. State of Tennessee Department of Treasury grew its stake in shares of Scholastic by 13.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company's stock worth $349,000 after purchasing an additional 1,902 shares during the last quarter. EVR Research LP grew its position in shares of Scholastic by 9.1% in the 4th quarter. EVR Research LP now owns 120,000 shares of the company's stock worth $2,560,000 after buying an additional 10,000 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Scholastic by 7.5% during the fourth 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. Kennedy Capital Management LLC raised its holdings in shares of Scholastic by 3.9% during the fourth quarter. Kennedy Capital Management LLC now owns 118,501 shares of the company's stock valued at $2,528,000 after acquiring an additional 4,476 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in Scholastic by 6.3% in the fourth quarter. Martingale Asset Management L P now owns 52,655 shares of the company's stock worth $1,123,000 after acquiring an additional 3,126 shares during the period. Hedge funds and other institutional investors own 82.57% of the company's stock.

Scholastic Trading Down 0.2 %

NASDAQ:SCHL traded down $0.03 during trading hours on Friday, hitting $18.94. The company had a trading volume of 257,577 shares, compared to its average volume of 276,802. 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 Co. has a 52 week low of $15.77 and a 52 week high of $38.77. The company has a market capitalization of $532.23 million, a PE ratio of -105.22 and a beta of 1.06. The stock has a 50-day moving average price of $18.35 and a 200 day moving average price of $21.17.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share 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 firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. On average, equities research analysts predict that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.22%. Scholastic's dividend payout ratio is presently 133.33%.

Scholastic 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.