Nationwide Fund Advisors reduced its stake in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,086 shares of the business services provider’s stock after selling 5,248 shares during the period. Nationwide Fund Advisors’ holdings in Houghton Mifflin Harcourt Company were worth $762,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Houghton Mifflin Harcourt Company during the first quarter valued at about $111,000. Dynamic Technology Lab Private Ltd acquired a new stake in Houghton Mifflin Harcourt Company during the fourth quarter valued at about $216,000. Trexquant Investment LP acquired a new stake in Houghton Mifflin Harcourt Company during the fourth quarter valued at about $233,000. Tudor Investment Corp Et Al increased its stake in Houghton Mifflin Harcourt Company by 357.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 58,699 shares of the business services provider’s stock valued at $637,000 after buying an additional 45,854 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC increased its stake in Houghton Mifflin Harcourt Company by 99.1% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 64,400 shares of the business services provider’s stock valued at $654,000 after buying an additional 32,050 shares during the last quarter.

Institutional Ownership by Quarter for Houghton Mifflin Harcourt Company (NASDAQ:HMHC)

Shares of Houghton Mifflin Harcourt Company (NASDAQ HMHC) opened at 13.45 on Tuesday. Houghton Mifflin Harcourt Company has a 52-week low of $9.15 and a 52-week high of $17.69. The company has a 50-day moving average of $12.78 and a 200 day moving average of $11.20. The firm’s market cap is $1.66 billion.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.96) earnings per share for the quarter, beating the consensus estimate of ($1.07) by $0.11. Houghton Mifflin Harcourt Company had a negative return on equity of 12.53% and a negative net margin of 17.29%. The firm had revenue of $221.92 million during the quarter, compared to the consensus estimate of $196.90 million. During the same period last year, the company earned ($1.34) earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Houghton Mifflin Harcourt Company will post ($1.39) earnings per share for the current year.

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Several research firms recently issued reports on HMHC. BidaskClub downgraded shares of Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, BMO Capital Markets lifted their price target on shares of Houghton Mifflin Harcourt Company from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Houghton Mifflin Harcourt Company currently has an average rating of “Buy” and an average target price of $18.80.

In related news, Director Lawrence K. Fish purchased 42,364 shares of Houghton Mifflin Harcourt Company stock in a transaction dated Monday, May 8th. The stock was purchased at an average cost of $13.02 per share, for a total transaction of $551,579.28. Following the completion of the acquisition, the director now directly owns 78,159 shares of the company’s stock, valued at $1,017,630.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence K. Fish purchased 67,364 shares of Houghton Mifflin Harcourt Company stock in a transaction dated Tuesday, May 9th. The shares were bought at an average price of $12.99 per share, with a total value of $875,058.36. Following the completion of the acquisition, the director now directly owns 78,159 shares of the company’s stock, valued at $1,015,285.41. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.

About Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.

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