BNP Paribas Arbitrage SA increased its position in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 9,643.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 230,909 shares of the business services provider’s stock after buying an additional 228,539 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.19% of Houghton Mifflin Harcourt worth $2,840,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HMHC. Bank of New York Mellon Corp boosted its position in 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 buying an additional 3,689,216 shares in the last quarter. LMR Partners LLP bought a new position in Houghton Mifflin Harcourt during the second quarter worth $711,000. Granite Investment Partners LLC bought a new position in Houghton Mifflin Harcourt during the second quarter worth $11,048,000. Schwab Charles Investment Management Inc. boosted its position in 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 buying an additional 76,354 shares in the last quarter. Finally, Sei Investments Co. boosted its position in 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 buying an additional 143,001 shares in the last quarter. Institutional investors own 99.91% of the company’s stock.

Shares of Houghton Mifflin Harcourt Company (NASDAQ HMHC) opened at 9.95 on Wednesday. The firm’s market capitalization is $1.23 billion. Houghton Mifflin Harcourt Company has a 12 month low of $9.15 and a 12 month high of $16.18. The stock has a 50 day moving average of $11.36 and a 200-day moving average of $11.44.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $393.05 million during the quarter, compared to the consensus estimate of $387.68 million. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.23) EPS. On average, equities research analysts anticipate that Houghton Mifflin Harcourt Company will post ($1.59) EPS for the current fiscal year.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut shares of Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research report on Friday, August 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.38.

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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