Houghton Mifflin Harcourt Co (HMHC) Position Boosted by D. E. Shaw & Co. Inc.
D. E. Shaw & Co. Inc. increased its stake in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,489 shares of the business services provider’s stock after acquiring an additional 2,219 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.21% of Houghton Mifflin Harcourt worth $2,255,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Houghton Mifflin Harcourt by 70.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock valued at $71,000 after buying an additional 3,317 shares during the period. PEAK6 Investments LLC acquired a new position in Houghton Mifflin Harcourt in the fourth quarter valued at approximately $109,000. SG Americas Securities LLC acquired a new position in Houghton Mifflin Harcourt in the fourth quarter valued at approximately $110,000. Stone Run Capital LLC acquired a new position in Houghton Mifflin Harcourt in the third quarter valued at approximately $119,000. Finally, Forsta AP Fonden acquired a new position in Houghton Mifflin Harcourt in the fourth quarter valued at approximately $226,000. 95.17% of the stock is currently owned by institutional investors.
In other news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $7.75, for a total transaction of $4,822,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.07% of the company’s stock.
NASDAQ HMHC opened at $7.82 on Thursday. Houghton Mifflin Harcourt Co has a 52 week low of $5.10 and a 52 week high of $10.64. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, February 28th. The business services provider reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.03). Houghton Mifflin Harcourt had a negative net margin of 6.92% and a negative return on equity of 15.82%. As a group, analysts expect that Houghton Mifflin Harcourt Co will post -0.59 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This story was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.dailypolitical.com/2019/04/04/houghton-mifflin-harcourt-co-hmhc-position-boosted-by-d-e-shaw-co-inc.html.
Houghton Mifflin Harcourt Profile
Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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.
Read More: Why do companies engage in swaps?
Receive News & Ratings for Houghton Mifflin Harcourt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt and related companies with MarketBeat.com's FREE daily email newsletter.