New York State Common Retirement Fund increased its stake in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,257,463 shares of the business services provider’s stock after purchasing an additional 57,542 shares during the period. New York State Common Retirement Fund owned approximately 1.02% of Houghton Mifflin Harcourt worth $15,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMHC. Concourse Capital Management LLC bought a new position in Houghton Mifflin Harcourt during the second quarter valued at approximately $3,306,000. Ameriprise Financial Inc. boosted its holdings in Houghton Mifflin Harcourt by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 1,722,592 shares of the business services provider’s stock worth $21,189,000 after purchasing an additional 7,015 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Houghton Mifflin Harcourt by 74.6% in the second quarter. Engineers Gate Manager LP now owns 86,335 shares of the business services provider’s stock worth $1,062,000 after purchasing an additional 36,889 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in Houghton Mifflin Harcourt by 25.6% in the second quarter. Kennedy Capital Management Inc. now owns 437,938 shares of the business services provider’s stock worth $5,387,000 after purchasing an additional 89,337 shares during the last quarter. Finally, Adirondack Research & Management Inc. purchased a new stake in Houghton Mifflin Harcourt in the second quarter worth approximately $2,053,000. 99.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) opened at 12.20 on Wednesday. Houghton Mifflin Harcourt Company has a 1-year low of $9.15 and a 1-year high of $13.95. The firm’s 50 day moving average price is $10.86 and its 200-day moving average price is $11.59. The company’s market capitalization is $1.50 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $393.05 million during the quarter, compared to the consensus estimate of $387.68 million. Houghton Mifflin Harcourt had a negative net margin of 18.60% and a negative return on equity of 16.14%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS. Analysts expect that Houghton Mifflin Harcourt Company will post ($1.59) EPS for the current year.

HMHC has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Stifel Nicolaus reissued a “hold” rating and set a $12.50 price target on shares of Houghton Mifflin Harcourt in a report on Monday, July 10th. Zacks Investment Research raised Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, July 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $13.00 price target on shares of Houghton Mifflin Harcourt in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.83.

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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.

Institutional Ownership by Quarter for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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