Thompson Siegel & Walmsley LLC lifted its holdings in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,699,642 shares of the business services provider’s stock after acquiring an additional 56,138 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 1.38% of Houghton Mifflin Harcourt worth $20,481,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of HMHC. Public Employees Retirement System of Ohio boosted its stake in Houghton Mifflin Harcourt by 25.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,729 shares during the period. D.A. Davidson & CO. lifted its position in shares of Houghton Mifflin Harcourt by 302.6% during the 2nd quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 7,565 shares during the period. Verition Fund Management LLC bought a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at $128,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at $227,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at $256,000.
A number of research firms have recently weighed in on HMHC. ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Citigroup lowered their price target on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Morgan Stanley lowered their price target on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $14.00 target price on shares of Houghton Mifflin Harcourt in a report on Friday, November 3rd. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Houghton Mifflin Harcourt currently has a consensus rating of “Hold” and a consensus target price of $13.08.
Shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) remained flat at $$9.75 during trading on Thursday. 946,769 shares of the stock traded hands, compared to its average volume of 937,778. Houghton Mifflin Harcourt Company has a fifty-two week low of $8.05 and a fifty-two week high of $13.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.10 and a current ratio of 1.38.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.54 by $0.19. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $528.40 million. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. research analysts forecast that Houghton Mifflin Harcourt Company will post -1.67 earnings per share for the current year.
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Houghton Mifflin Harcourt Company Profile
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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