Houghton Mifflin Harcourt Co (HMHC) : Greywolf Capital Management Lp reduced its stake in Houghton Mifflin Harcourt Co by 54.07% during the most recent quarter end. The investment management company now holds a total of 1,354,300 shares of Houghton Mifflin Harcourt Co which is valued at $19,935,296 after selling 1,594,200 shares in Houghton Mifflin Harcourt Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Houghton Mifflin Harcourt Co makes up approximately 13.19% of Greywolf Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Delphi Management Inc reduced its stake in HMHC by selling 518 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 54,086 shares of HMHC which is valued at $796,146. Houghton Mifflin Harcourt Co makes up approx 0.47% of Delphi Management Inc’s portfolio.Proshare Advisors reduced its stake in HMHC by selling 1,591 shares or 9.17% in the most recent quarter. The Hedge Fund company now holds 15,755 shares of HMHC which is valued at $231,914. O’shaughnessy Asset Management sold out all of its stake in HMHC during the most recent quarter. The investment firm sold 748 shares of HMHC which is valued $11,011.Blackrock Group Ltd reduced its stake in HMHC by selling 13,492 shares or 15.81% in the most recent quarter. The Hedge Fund company now holds 71,844 shares of HMHC which is valued at $1,057,544.Swiss National Bank reduced its stake in HMHC by selling 40,500 shares or 17.77% in the most recent quarter. The Hedge Fund company now holds 187,400 shares of HMHC which is valued at $3,251,390. Houghton Mifflin Harcourt Co makes up approx 0.01% of Swiss National Bank’s portfolio.
Houghton Mifflin Harcourt Co closed down -0.01 points or -0.06% at $15.94 with 4,44,951 shares getting traded on Thursday. Post opening the session at $15.92, the shares hit an intraday low of $15.81 and an intraday high of $16.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Houghton Mifflin Harcourt Co reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $392.04 million for the quarter, compared to analysts expectations of $430.71 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Many Wall Street Analysts have commented on Houghton Mifflin Harcourt Co. Shares were Downgraded by BMO Capital Markets on Aug 5, 2016 to ” Market Perform” and Lowered the Price Target to $ 17 from a previous price target of $22 .Houghton Mifflin Harcourt Co was Upgraded by Goldman to ” Buy” on Aug 1, 2016.
Houghton Mifflin Harcourt Company (HMH) is a global learning company specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content services and technology to both educational institutions and consumers in more than 150 countries across the world. In the United States the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George Carmen Sandiego The Oregon Trail The Little Prince The Lord of the Rings Life of Pi Webster’s New World Dictionary and Cliffs Notes.