Ameriprise Financial Inc. grew its position in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,729,839 shares of the business services provider’s stock after purchasing an additional 7,247 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.40% of Houghton Mifflin Harcourt worth $20,843,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Houghton Mifflin Harcourt by 21.9% in the first quarter. Bank of America Corp DE now owns 54,096 shares of the business services provider’s stock worth $549,000 after acquiring an additional 9,718 shares during the period. Sei Investments Co. lifted its stake in shares of Houghton Mifflin Harcourt by 327.5% in the second quarter. Sei Investments Co. now owns 186,661 shares of the business services provider’s stock worth $2,296,000 after acquiring an additional 143,001 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Houghton Mifflin Harcourt by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 699,125 shares of the business services provider’s stock worth $8,600,000 after acquiring an additional 76,354 shares during the period. LMR Partners LLP acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter worth approximately $711,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Houghton Mifflin Harcourt by 760.5% in the second quarter. Bank of New York Mellon Corp now owns 4,174,326 shares of the business services provider’s stock worth $51,344,000 after acquiring an additional 3,689,216 shares during the period.

Houghton Mifflin Harcourt Company (NASDAQ HMHC) opened at $9.70 on Friday. Houghton Mifflin Harcourt Company has a 12 month low of $8.05 and a 12 month high of $13.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.10.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $528.40 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Houghton Mifflin Harcourt Company will post -1.67 EPS for the current year.

A number of research firms recently commented on HMHC. Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, September 21st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Monday, September 18th. Finally, Citigroup cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.08.

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

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