Scholastic Co. (NASDAQ:SCHL) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its stake in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 314,408 shares of the company's stock after selling 25,969 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.12% of Scholastic worth $10,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC increased its holdings in Scholastic by 3.1% during the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company's stock valued at $525,000 after buying an additional 489 shares during the period. Inspire Investing LLC increased its holdings in Scholastic by 6.4% during the second quarter. Inspire Investing LLC now owns 11,222 shares of the company's stock valued at $398,000 after buying an additional 675 shares during the period. Creative Planning increased its holdings in Scholastic by 4.4% during the third quarter. Creative Planning now owns 16,135 shares of the company's stock valued at $516,000 after buying an additional 679 shares during the period. FMR LLC increased its holdings in Scholastic by 58.8% during the third quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after buying an additional 869 shares during the period. Finally, nVerses Capital LLC purchased a new position in Scholastic during the second quarter valued at approximately $35,000. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Stock Up 0.5 %

NASDAQ SCHL traded up $0.12 on Friday, hitting $26.57. The stock had a trading volume of 148,635 shares, compared to its average volume of 210,298. The business's fifty day moving average price is $26.24 and its 200 day moving average price is $30.71. 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 52-week low of $23.69 and a 52-week high of $41.79. The stock has a market cap of $747.68 million, a price-to-earnings ratio of 47.45 and a beta of 1.07.

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

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.01%. Scholastic's payout ratio is currently 142.86%.

Wall Street Analyst Weigh In

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

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.