Alliancebernstein L.P. increased its position in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,800 shares of the business services provider’s stock after buying an additional 2,197 shares during the period. Alliancebernstein L.P.’s holdings in Houghton Mifflin Harcourt were worth $2,109,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. raised its stake in Houghton Mifflin Harcourt by 1.7% in the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock worth $443,000 after buying an additional 711 shares in the last quarter. American International Group Inc. raised its stake in Houghton Mifflin Harcourt by 7.1% in the first quarter. American International Group Inc. now owns 76,397 shares of the business services provider’s stock worth $775,000 after buying an additional 5,051 shares in the last quarter. Bank of Montreal Can bought a new stake in Houghton Mifflin Harcourt during the first quarter worth $111,000. Trexquant Investment LP raised its stake in Houghton Mifflin Harcourt by 53.7% in the first quarter. Trexquant Investment LP now owns 33,069 shares of the business services provider’s stock worth $336,000 after buying an additional 11,552 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Houghton Mifflin Harcourt by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 231,981 shares of the business services provider’s stock worth $2,517,000 after buying an additional 14,516 shares in the last quarter.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) opened at 11.75 on Tuesday. The company has a 50-day moving average price of $12.86 and a 200 day moving average price of $11.30. The stock’s market cap is $1.45 billion. Houghton Mifflin Harcourt Company has a 12-month low of $9.15 and a 12-month high of $17.69.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported ($0.96) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.11. Houghton Mifflin Harcourt had a negative net margin of 17.29% and a negative return on equity of 12.53%. The firm had revenue of $221.92 million for the quarter, compared to analyst estimates of $196.90 million. During the same quarter in the previous year, the business posted ($1.34) EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Houghton Mifflin Harcourt Company will post ($1.39) EPS for the current year.

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A number of research firms have recently weighed in on HMHC. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research report on Monday, July 10th. BidaskClub lowered Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets upped their price objective on Houghton Mifflin Harcourt from $10.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.75.

In other news, Director Lawrence K. Fish acquired 67,364 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $12.99 per share, for a total transaction of $875,058.36. Following the acquisition, the director now directly owns 78,159 shares of the company’s stock, valued at approximately $1,015,285.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence K. Fish acquired 42,364 shares of the business’s stock in a transaction on Monday, May 8th. The stock was purchased at an average price of $13.02 per share, for a total transaction of $551,579.28. Following the acquisition, the director now directly owns 78,159 shares in the company, valued at $1,017,630.18. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Houghton Mifflin Harcourt Company Profile

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

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