Scholastic Co. (NASDAQ:SCHL) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Scholastic Co. (NASDAQ:SCHL) by 70.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,082 shares of the company’s stock after selling 14,162 shares during the period. Squarepoint Ops LLC’s holdings in Scholastic were worth $216,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC lifted its holdings in shares of Scholastic by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock valued at $398,000 after acquiring an additional 675 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Scholastic by 13.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,776 shares of the company’s stock worth $218,000 after buying an additional 697 shares during the period. Bessemer Group Inc. grew its stake in shares of Scholastic by 11.4% in the first quarter. Bessemer Group Inc. now owns 7,455 shares of the company’s stock valued at $281,000 after buying an additional 762 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Scholastic in the second quarter valued at about $35,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Scholastic by 6.5% during the 2nd quarter. WINTON GROUP Ltd now owns 26,137 shares of the company’s stock valued at $927,000 after buying an additional 1,605 shares during the period. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP Iole Lucchese acquired 1,654 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was bought at an average cost of $30.49 per share, with a total value of $50,430.46. Following the acquisition, the executive vice president now directly owns 74,264 shares in the company, valued at approximately $2,264,309.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Warwick Peter purchased 1,674 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average cost of $30.46 per share, with a total value of $50,990.04. Following the transaction, the chief executive officer now owns 104,349 shares in the company, valued at approximately $3,178,470.54. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Iole Lucchese acquired 1,654 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average cost of $30.49 per share, with a total value of $50,430.46. Following the acquisition, the executive vice president now owns 74,264 shares of the company’s stock, valued at $2,264,309.36. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.62% of the company’s stock.

Scholastic Stock Performance

Scholastic stock opened at $27.06 on Friday. Scholastic Co. has a 12-month low of $25.54 and a 12-month high of $41.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64. The company has a market capitalization of $773.92 million, a price-to-earnings ratio of 18.66 and a beta of 1.03. The firm’s fifty day moving average price is $30.27 and its 200 day moving average price is $33.52.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 26th. The company reported ($2.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35. The business had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. During the same period in the previous year, the company earned ($2.20) earnings per share. On average, research analysts forecast that Scholastic Co. will post 1.41 EPS for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s payout ratio is currently 55.17%.

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.