JPMorgan Chase & Co. Has $2.70 Million Holdings in Scholastic Co. (NASDAQ:SCHL)

JPMorgan Chase & Co. trimmed its position in shares of Scholastic Co. (NASDAQ:SCHL) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,230 shares of the company’s stock after selling 3,890 shares during the period. JPMorgan Chase & Co. owned 0.30% of Scholastic worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Scholastic by 291.6% during the 3rd quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after purchasing an additional 30,699 shares during the last quarter. Jane Street Group LLC grew its holdings in Scholastic by 40.7% during the third quarter. Jane Street Group LLC now owns 52,509 shares of the company’s stock worth $1,681,000 after purchasing an additional 15,183 shares during the period. Paloma Partners Management Co acquired a new position in Scholastic during the third quarter worth approximately $243,000. Martingale Asset Management L P raised its stake in Scholastic by 128.1% in the third quarter. Martingale Asset Management L P now owns 49,529 shares of the company’s stock valued at $1,585,000 after buying an additional 27,812 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Scholastic by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock valued at $311,000 after buying an additional 4,845 shares during the period. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

Scholastic Stock Down 0.9 %

Scholastic stock opened at $20.00 on Tuesday. The stock has a market cap of $562.02 million, a P/E ratio of -111.10 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. Scholastic Co. has a twelve month low of $18.57 and a twelve month high of $40.74. The company’s 50-day moving average price is $23.54 and its two-hundred day moving average price is $27.66.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. As a group, analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, January 31st. Scholastic’s dividend payout ratio (DPR) is -444.44%.

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.