Houghton Mifflin Harcourt (NASDAQ:HMHC) Short Interest Update


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Houghton Mifflin Harcourt (NASDAQ:HMHC) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,300,000 shares, a decline of 19.7% from the March 31st total of 4,110,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

In other news, SVP Alejandro Reyes sold 4,285 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $6.66, for a total transaction of $28,538.10. Following the completion of the sale, the senior vice president now owns 29,660 shares of the company’s stock, valued at approximately $197,535.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph Patrick Jr. Abbott sold 23,186 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $6.66, for a total transaction of $154,418.76. Following the sale, the chief financial officer now directly owns 176,408 shares of the company’s stock, valued at approximately $1,174,877.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,272 shares of company stock valued at $1,368,938. 1.77% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eidelman Virant Capital purchased a new stake in Houghton Mifflin Harcourt in the 4th quarter worth $33,000. Invenomic Capital Management LP purchased a new stake in Houghton Mifflin Harcourt in the 4th quarter worth $410,000. Clear Harbor Asset Management LLC purchased a new stake in Houghton Mifflin Harcourt in the 4th quarter worth $562,000. Nuveen Asset Management LLC lifted its stake in Houghton Mifflin Harcourt by 128.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,442,592 shares of the business services provider’s stock worth $4,804,000 after purchasing an additional 811,936 shares in the last quarter. Finally, Optimum Investment Advisors purchased a new stake in Houghton Mifflin Harcourt in the 4th quarter worth $35,000. Institutional investors own 86.25% of the company’s stock.

Separately, BMO Capital Markets boosted their price objective on shares of Houghton Mifflin Harcourt from $3.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, March 3rd.

Shares of HMHC traded up $0.06 during trading hours on Tuesday, reaching $9.20. 802,807 shares of the stock traded hands, compared to its average volume of 1,741,837. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 3.49. Houghton Mifflin Harcourt has a 52-week low of $1.03 and a 52-week high of $9.29. The company’s 50-day moving average price is $7.57 and its two-hundred day moving average price is $5.04. The company has a market cap of $1.17 billion, a P/E ratio of -2.20 and a beta of 1.37.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings results on Wednesday, February 24th. The business services provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.15). Houghton Mifflin Harcourt had a negative net margin of 48.80% and a negative return on equity of 89.65%. The firm had revenue of $203.56 million for the quarter.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, intervention solutions, and professional learning services worldwide. The company operates in two segments, Education and HMH Books & Media. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

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