Guggenheim Capital LLC lowered its stake in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,456 shares of the company’s stock after selling 1,241 shares during the period. Guggenheim Capital LLC owned about 0.18% of Houghton Mifflin Harcourt worth $2,414,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Koch Industries Inc. acquired a new position in Houghton Mifflin Harcourt during the fourth quarter valued at $122,000. Dynamic Technology Lab Private Ltd acquired a new position in Houghton Mifflin Harcourt during the fourth quarter valued at $216,000. Trexquant Investment LP acquired a new position in Houghton Mifflin Harcourt during the fourth quarter valued at $233,000. First Trust Advisors LP acquired a new position in Houghton Mifflin Harcourt during the third quarter valued at $388,000. Finally, Tudor Investment Corp Et Al raised its position in Houghton Mifflin Harcourt by 357.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 58,699 shares of the company’s stock valued at $637,000 after buying an additional 45,854 shares during the last quarter.
Houghton Mifflin Harcourt Co (NASDAQ:HMHC) opened at 10.15 on Friday. Houghton Mifflin Harcourt Co has a 52 week low of $9.15 and a 52 week high of $21.08. The stock’s market cap is $1.25 billion. The firm has a 50-day moving average price of $10.14 and a 200-day moving average price of $11.39.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, February 23rd. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by $0.70. Houghton Mifflin Harcourt had a negative return on equity of 16.48% and a negative net margin of 14.05%. The company earned $242 million during the quarter, compared to the consensus estimate of $227.29 million. During the same quarter in the prior year, the business earned ($0.75) earnings per share. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities research analysts predict that Houghton Mifflin Harcourt Co will post ($1.38) EPS for the current year.
Several research firms recently weighed in on HMHC. Citigroup Inc reissued a “focus list” rating on shares of Houghton Mifflin Harcourt in a research report on Tuesday, January 31st. Zacks Investment Research lowered Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $21.33.
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. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.
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