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

Jane Street Group LLC grew its holdings in Scholastic Co. (NASDAQ:SCHL) by 40.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,509 shares of the company’s stock after purchasing an additional 15,183 shares during the period. Jane Street Group LLC owned approximately 0.19% of Scholastic worth $1,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SCHL. Pacer Advisors Inc. increased its holdings in Scholastic by 18.1% in the second quarter. Pacer Advisors Inc. now owns 1,120,491 shares of the company’s stock worth $39,744,000 after buying an additional 171,775 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Scholastic by 744.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock worth $2,101,000 after acquiring an additional 57,852 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Scholastic by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 488,259 shares of the company’s stock worth $17,319,000 after purchasing an additional 56,835 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Scholastic by 45.0% during the 2nd quarter. Millennium Management LLC now owns 182,630 shares of the company’s stock valued at $6,478,000 after purchasing an additional 56,647 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Scholastic in the 2nd quarter valued at $1,936,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Wall Street Analyst Weigh In

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

Scholastic Stock Performance

Shares of NASDAQ SCHL opened at $21.80 on Friday. Scholastic Co. has a 12 month low of $19.14 and a 12 month high of $40.74. The company has a market cap of $613.39 million, a P/E ratio of 38.93 and a beta of 1.07. The business’s 50 day moving average is $25.17 and its two-hundred day moving average is $29.45. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 0.24.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a net margin of 1.49% and a return on equity of 4.32%. On average, equities analysts expect that Scholastic Co. will post 1.41 EPS for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. Scholastic’s dividend payout ratio is presently -444.44%.

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.