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.

Several equities analysts have issued reports on the company. BidaskClub raised Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 27th. TheStreet lowered Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research note on Friday, March 22nd. BMO Capital Markets dropped their price target on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.63.

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.

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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.

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

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