Tibra Equities Europe Ltd Invests $224,000 in Houghton Mifflin Harcourt Co (HMHC) Stock
Tibra Equities Europe Ltd acquired a new position in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,800 shares of the business services provider’s stock, valued at approximately $224,000.
A number of other institutional investors have also recently made changes to their positions in HMHC. Norges Bank acquired a new stake in Houghton Mifflin Harcourt in the fourth quarter valued at $16,439,000. Dimensional Fund Advisors LP raised its holdings in shares of Houghton Mifflin Harcourt by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,553,983 shares of the business services provider’s stock valued at $38,878,000 after acquiring an additional 441,905 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Houghton Mifflin Harcourt by 139.2% in the fourth quarter. Millennium Management LLC now owns 695,399 shares of the business services provider’s stock valued at $6,161,000 after purchasing an additional 404,669 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Houghton Mifflin Harcourt by 4.0% in the third quarter. Vanguard Group Inc now owns 9,202,337 shares of the business services provider’s stock valued at $64,416,000 after purchasing an additional 353,496 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Houghton Mifflin Harcourt by 4.0% in the third quarter. Vanguard Group Inc. now owns 9,202,337 shares of the business services provider’s stock valued at $64,416,000 after purchasing an additional 353,496 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.
In other Houghton Mifflin Harcourt news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $7.75, for a total value of $4,822,980.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.69% of the stock is owned by corporate insiders.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, February 28th. The business services provider reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.03). Houghton Mifflin Harcourt had a negative net margin of 6.92% and a negative return on equity of 15.82%. Analysts predict that Houghton Mifflin Harcourt Co will post -0.59 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. BidaskClub lowered Houghton Mifflin Harcourt from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 9th. Zacks Investment Research lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. BMO Capital Markets decreased their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Finally, TheStreet lowered Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.63.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. 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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