Loomis Sayles & Co. L P Decreases Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Loomis Sayles & Co. L P decreased its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,281 shares of the company’s stock after selling 7,897 shares during the period. Loomis Sayles & Co. L P’s holdings in John Wiley & Sons were worth $9,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in John Wiley & Sons by 39.2% in the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after purchasing an additional 334 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at about $57,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of John Wiley & Sons in the 2nd quarter valued at about $60,000. Point72 DIFC Ltd purchased a new stake in John Wiley & Sons during the 2nd quarter valued at about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in John Wiley & Sons in the 2nd quarter worth approximately $121,000. Institutional investors own 73.94% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $52.42 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. John Wiley & Sons, Inc. has a fifty-two week low of $29.04 and a fifty-two week high of $53.96. The company has a market capitalization of $2.85 billion, a P/E ratio of -26.21 and a beta of 0.85. The stock has a 50 day moving average price of $49.90 and a two-hundred day moving average price of $45.34.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is -70.50%.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.