HMH Holding Inc’s (NASDAQ:HMH) Lock-Up Period To End on September 28th

HMH’s (NASDAQ:HMH) lock-up period will end on Monday, September 28th. HMH had issued 10,520,000 shares in its public offering on April 1st. The total size of the offering was $210,400,000 based on an initial share price of $20.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

HMH has been the subject of several recent analyst reports. Zacks Research raised HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th. Stifel Nicolaus boosted their price target on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Evercore set a $24.00 price objective on shares of HMH in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.00.

HMH Price Performance

Shares of NASDAQ HMH opened at $18.62 on Friday. HMH has a one year low of $16.32 and a one year high of $24.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.97 and a quick ratio of 1.82. The company’s 50 day simple moving average is $19.83. The company has a market capitalization of $817.98 million and a PE ratio of 44.33.

HMH (NASDAQ:HMH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $170.82 million during the quarter. As a group, equities analysts expect that HMH will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of HMH in the 2nd quarter valued at about $12,624,000. State Street Corp bought a new position in HMH during the 2nd quarter worth approximately $2,825,000. Readystate Asset Management LP purchased a new position in HMH in the 2nd quarter worth approximately $1,499,000. Finally, Squarepoint Ops LLC purchased a new position in HMH in the 2nd quarter worth approximately $1,076,000.

About HMH

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.