Bank of Montreal Can Has $65,000 Holdings in Houghton Mifflin Harcourt Co (NASDAQ:HMHC)

Bank of Montreal Can lessened its stake in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 27.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,015 shares of the business services provider’s stock after selling 3,480 shares during the quarter. Bank of Montreal Can’s holdings in Houghton Mifflin Harcourt were worth $65,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HMHC. Private Capital Group LLC raised its position in shares of Houghton Mifflin Harcourt by 91.3% during the 1st quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock worth $32,000 after acquiring an additional 2,100 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Houghton Mifflin Harcourt by 0.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 254,489 shares of the business services provider’s stock worth $2,255,000 after acquiring an additional 2,219 shares in the last quarter. Citigroup Inc. raised its position in shares of Houghton Mifflin Harcourt by 6.0% during the 4th quarter. Citigroup Inc. now owns 48,280 shares of the business services provider’s stock worth $428,000 after acquiring an additional 2,716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 worth $71,000 after acquiring an additional 3,317 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Houghton Mifflin Harcourt by 2.7% during the 4th quarter. Macquarie Group Ltd. now owns 138,974 shares of the business services provider’s stock worth $1,231,000 after acquiring an additional 3,614 shares in the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

In other news, Director Lawrence K. Fish acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $6.47 per share, for a total transaction of $129,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.69% of the company’s stock.

NASDAQ:HMHC traded down $0.20 on Monday, hitting $5.56. 570,100 shares of the stock were exchanged, compared to its average volume of 757,676. Houghton Mifflin Harcourt Co has a fifty-two week low of $5.07 and a fifty-two week high of $10.64. The business has a fifty day moving average of $5.89. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.63 and a current ratio of 1.20. The stock has a market capitalization of $714.88 million, a PE ratio of -5.25 and a beta of 0.94.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, May 9th. The business services provider reported ($0.95) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.22). The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $201.61 million. Houghton Mifflin Harcourt had a negative net margin of 8.25% and a negative return on equity of 18.93%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.82) earnings per share. Research analysts expect that Houghton Mifflin Harcourt Co will post -0.54 EPS for the current year.

Several equities research analysts have recently weighed in on the company. BidaskClub lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. TheStreet downgraded Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average 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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Institutional Ownership by Quarter for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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