Public Employees Retirement System of Ohio raised its position in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 25.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,628 shares of the business services provider’s stock after acquiring an additional 1,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Houghton Mifflin Harcourt were worth $106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Houghton Mifflin Harcourt by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,571,123 shares of the business services provider’s stock valued at $105,426,000 after acquiring an additional 95,307 shares in the last quarter. Rivulet Capital LLC lifted its stake in Houghton Mifflin Harcourt by 34.8% in the 2nd quarter. Rivulet Capital LLC now owns 4,252,257 shares of the business services provider’s stock valued at $52,303,000 after acquiring an additional 1,096,900 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Houghton Mifflin Harcourt by 760.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,174,326 shares of the business services provider’s stock valued at $51,344,000 after acquiring an additional 3,689,216 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Houghton Mifflin Harcourt by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,353,286 shares of the business services provider’s stock valued at $41,245,000 after acquiring an additional 131,661 shares in the last quarter. Finally, State Street Corp lifted its stake in Houghton Mifflin Harcourt by 2.6% in the 1st quarter. State Street Corp now owns 2,279,195 shares of the business services provider’s stock valued at $23,131,000 after acquiring an additional 57,125 shares in the last quarter.

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Several research firms have commented on HMHC. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Piper Jaffray Companies restated a “hold” rating and issued a $14.00 target price on shares of Houghton Mifflin Harcourt in a research note on Friday, November 3rd. Citigroup Inc. cut their target price on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Morgan Stanley cut their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Houghton Mifflin Harcourt has a consensus rating of “Hold” and a consensus target price of $13.08.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) opened at $9.05 on Tuesday. Houghton Mifflin Harcourt Company has a 1 year low of $8.05 and a 1 year high of $13.95. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.94.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.19. The firm 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 business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. sell-side analysts predict that Houghton Mifflin Harcourt Company will post -1.67 earnings per share for the current year.

About Houghton Mifflin Harcourt

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

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