Engineers Gate Manager LP boosted its holdings in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,295 shares of the business services provider’s stock after purchasing an additional 12,960 shares during the quarter. Engineers Gate Manager LP owned about 0.08% of Houghton Mifflin Harcourt worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Houghton Mifflin Harcourt by 0.8% during the second quarter. Macquarie Group Ltd. now owns 91,756 shares of the business services provider’s stock valued at $1,129,000 after purchasing an additional 698 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Houghton Mifflin Harcourt by 25.1% during the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,729 shares in the last quarter. Voya Investment Management LLC raised its stake in Houghton Mifflin Harcourt by 5.9% during the second quarter. Voya Investment Management LLC now owns 57,708 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 3,191 shares in the last quarter. Advisory Services Network LLC raised its stake in Houghton Mifflin Harcourt by 28.4% during the second quarter. Advisory Services Network LLC now owns 23,274 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 5,154 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Houghton Mifflin Harcourt by 1.5% during the third quarter. Nordea Investment Management AB now owns 409,400 shares of the business services provider’s stock valued at $4,933,000 after purchasing an additional 6,000 shares in the last quarter.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of 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 set a $12.50 price target on shares of Houghton Mifflin Harcourt in a research note on Thursday, September 21st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a research note on Monday, September 18th. Finally, Citigroup decreased their price target on shares of 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 analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.08.

Shares of Houghton Mifflin Harcourt Co (NASDAQ HMHC) opened at $9.95 on Wednesday. Houghton Mifflin Harcourt Co has a 12 month low of $8.05 and a 12 month 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 announced its earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative net margin of 18.59% and a negative return on equity of 17.37%. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $528.40 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts expect that Houghton Mifflin Harcourt Co will post -1.67 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Engineers Gate Manager LP Acquires 12,960 Shares of Houghton Mifflin Harcourt Co (HMHC)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/engineers-gate-manager-lp-acquires-12960-shares-of-houghton-mifflin-harcourt-co-hmhc/1760584.html.

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.

Want to see what other hedge funds are holding HMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houghton Mifflin Harcourt Co (NASDAQ:HMHC).

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

Receive News & Ratings for Houghton Mifflin Harcourt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt and related companies with MarketBeat.com's FREE daily email newsletter.