Houghton Mifflin Harcourt Company (HMHC) Stake Held by PDT Partners LLC
PDT Partners LLC held its position in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,400 shares of the business services provider’s stock at the close of the second quarter. PDT Partners LLC owned 0.09% of Houghton Mifflin Harcourt worth $1,333,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can bought a new position in Houghton Mifflin Harcourt during the first quarter worth about $111,000. D.A. Davidson & CO. grew its holdings in Houghton Mifflin Harcourt by 302.6% during the second quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after purchasing an additional 7,565 shares during the period. Independent Portfolio Consultants Inc. bought a new position in Houghton Mifflin Harcourt during the second quarter worth about $125,000. Oppenheimer Asset Management Inc. bought a new position in Houghton Mifflin Harcourt during the first quarter worth about $131,000. Finally, Karp Capital Management Corp bought a new position in Houghton Mifflin Harcourt during the first quarter worth about $169,000. Institutional investors and hedge funds own 99.94% of the company’s stock.
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A number of research firms recently commented on HMHC. BidaskClub cut Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Stifel Nicolaus reiterated 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 upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, July 20th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.83.
Houghton Mifflin Harcourt Company (HMHC) opened at 11.95 on Thursday. The company’s market cap is $1.47 billion. The company’s 50-day moving average price is $10.89 and its 200-day moving average price is $11.60. Houghton Mifflin Harcourt Company has a 12-month low of $9.15 and a 12-month high of $13.95.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.03. The firm had revenue of $393.05 million during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. Equities analysts anticipate that Houghton Mifflin Harcourt Company will post ($1.59) earnings per share for the current year.
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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