Economy

Houghton Mifflin Harcourt Company Stake Acquired By BNP Paribas Arbitrage

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) performed nicely this week, continuing its impressive near-term upward movement. Royce & Associates LP owned approximately 1.21% of Houghton Mifflin Harcourt worth $18,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Ny State Common Retirement Fund has 0.01% invested in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 820,510 shares. Finally, Lapides Asset Management LLC increased its position in shares of Houghton Mifflin Harcourt by 0.4% during the first quarter. The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has "Buy" rating given on Friday, August 7 by Oppenheimer. JPMorgan Chase & Co. now owns 634,676 shares of the business services provider's stock worth $6,442,000 after purchasing an additional 118,352 shares during the last quarter. Morgan Stanley stated it has 0.02% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). The Shamrock Asset Management Llc holds 14,052 shares with $1.87 million value, up from 5,513 last quarter. Bank of New York Mellon has an ownership of 4,174,326 stocks of the firm services provider's shares valued $51,344,000 following acquiring an extra 3,689,216 stocks in the previous period. Institutional investors own 99.91% of the company's stock.

Another recent and important Houghton Mifflin Harcourt Co (NASDAQ:HMHC) news was published by Seekingalpha.com which published an article titled: "Houghton Mifflin Harcourt (HMHC) Q1 2017 Results - Earnings Call Transcript" on May 04, 2017.

Among 5 analysts covering Houghton Mifflin Harcourt (NASDAQ:HMHC), 2 have Buy rating, 0 Sell and 3 Hold. BidaskClub cut shares of Houghton Mifflin Harcourt from a "buy" rating to a "hold" rating in a report on Friday, June 16th. BMO Capital Markets reaffirmed a "hold" rating and set a $13.00 target price on shares of Houghton Mifflin Harcourt in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Keefe Bruyette & Woods has "Hold" rating and $13.5000 target.

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Shares of Houghton Mifflin Harcourt Company (NASDAQ HMHC) opened at 10.45 on Monday. Lapides Asset Management Llc bought 470,600 shares as the company's stock rose 9.73% with the market. Houghton Mifflin Harcourt Company has a 1-year low of $9.15 and a 1-year high of $16.18. The current price change puts the market capitalization at $1.28 bln. The stock closing price is now trading downward to its 50 day moving average with change of -7.21%, escalated to its 20 day moving average with figure of 0.80% and behind its 200 day moving average with value -6.05%. BNP Paribas Arbitrage held about 0.19% of Houghton Mifflin Harcourt valued $2,840,000 as of its latest document with the SEC (SEC). The business services provider reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03.

Net profit margin of the company is seen at -18.60%. The business had revenue of $393.05 million during the quarter, compared to analysts' expectations of $387.68 million. During the same period past year, the firm posted ($0.23) EPS. Over the past five trading sessions it is 3.46%; 8.94% for the month; 5.44% for the last quarter; 6% for the past six-months; and -16.39% for the last 12 months. FMR boosted its position in stocks of Houghton Mifflin Harcourt by 13.7% through out the 1st period.



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