Jane Street Group LLC Purchases 15,183 Shares of Scholastic Co. (NASDAQ:SCHL)

Jane Street Group LLC lifted its position in shares of Scholastic Co. (NASDAQ:SCHL) by 40.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,509 shares of the company’s stock after acquiring an additional 15,183 shares during the quarter. Jane Street Group LLC’s holdings in Scholastic were worth $1,681,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Scholastic by 155.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 14,744 shares of the company’s stock worth $523,000 after buying an additional 8,968 shares during the last quarter. Innealta Capital LLC acquired a new stake in Scholastic during the 2nd quarter worth $64,000. Commonwealth Equity Services LLC bought a new stake in shares of Scholastic during the 2nd quarter valued at $279,000. nVerses Capital LLC acquired a new position in shares of Scholastic in the 2nd quarter valued at $35,000. Finally, Acadian Asset Management LLC bought a new position in shares of Scholastic in the 2nd quarter worth $1,295,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Performance

Shares of SCHL stock opened at $21.80 on Friday. The stock has a market cap of $613.39 million, a PE ratio of 38.93 and a beta of 1.07. The stock has a 50-day moving average of $25.17 and a 200-day moving average of $29.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.64. Scholastic Co. has a one year low of $19.14 and a one year high of $40.74.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 19th. The company reported $1.82 EPS 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%. As a group, sell-side analysts expect that Scholastic Co. will post 1.41 earnings per share for the current year.

Scholastic Dividend Announcement

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

Analyst Ratings Changes

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

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.