Amalgamated Bank lowered its stake in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,201 shares of the business services provider’s stock after selling 2,136 shares during the period. Amalgamated Bank’s holdings in Houghton Mifflin Harcourt were worth $162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HMHC. First Trust Advisors LP boosted its stake in shares of Houghton Mifflin Harcourt by 299.1% during the first quarter. First Trust Advisors LP now owns 125,518 shares of the business services provider’s stock valued at $1,274,000 after acquiring an additional 94,067 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Houghton Mifflin Harcourt during the first quarter valued at $169,000. Sei Investments Co. boosted its stake in shares of Houghton Mifflin Harcourt by 1.7% during the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 711 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Houghton Mifflin Harcourt by 57.8% during the first quarter. Parametric Portfolio Associates LLC now owns 137,123 shares of the business services provider’s stock valued at $1,392,000 after acquiring an additional 50,237 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Houghton Mifflin Harcourt by 22.9% during the first quarter. JPMorgan Chase & Co. now owns 634,676 shares of the business services provider’s stock valued at $6,442,000 after acquiring an additional 118,352 shares during the last quarter. 99.94% of the stock is currently owned by institutional investors and hedge funds.

Houghton Mifflin Harcourt Company (NASDAQ HMHC) opened at 10.75 on Wednesday. The company’s 50-day moving average price is $11.21 and its 200 day moving average price is $11.71. Houghton Mifflin Harcourt Company has a 52-week low of $9.15 and a 52-week high of $13.95. The stock’s market capitalization is $1.33 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. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The business had revenue of $393.05 million for the quarter, compared to the consensus estimate of $387.68 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. Houghton Mifflin Harcourt’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Houghton Mifflin Harcourt Company will post ($1.59) earnings per share for the current year.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating and set a $13.00 target price on shares of Houghton Mifflin Harcourt in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating and set a $12.50 target price on shares of Houghton Mifflin Harcourt in a research report on Thursday, September 21st. Finally, BidaskClub downgraded Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.83.

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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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