Campbell & CO Investment Adviser LLC lifted its holdings in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 62.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,868 shares of the business services provider’s stock after purchasing an additional 17,248 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Houghton Mifflin Harcourt were worth $326,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HMHC. Private Capital Group LLC grew its position in Houghton Mifflin Harcourt by 91.3% during the first quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 2,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Houghton Mifflin Harcourt by 70.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 3,317 shares during the last quarter. Signition LP acquired a new position in Houghton Mifflin Harcourt during the 1st quarter valued at $84,000. Menta Capital LLC acquired a new position in Houghton Mifflin Harcourt during the 1st quarter valued at $94,000. Finally, PEAK6 Investments LLC acquired a new position in Houghton Mifflin Harcourt during the 4th quarter valued at $109,000. 94.92% of the stock is currently owned by institutional investors.
NASDAQ HMHC traded up $0.28 on Friday, hitting $5.76. 1,604,710 shares of the company were exchanged, compared to its average volume of 797,037. The firm’s 50 day simple moving average is $5.89. The company has a market cap of $714.88 million, a P/E ratio of -5.43 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 1.37. Houghton Mifflin Harcourt Co has a 1-year low of $5.07 and a 1-year high of $10.64.
In other news, Director Lawrence K. Fish purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $6.47 per share, for a total transaction of $129,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.69% of the company’s stock.
Several research firms recently commented on HMHC. BidaskClub cut shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet lowered shares of Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a report on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.63.
Houghton Mifflin Harcourt Profile
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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