Citadel Advisors LLC Purchases Shares of 673,656 HMH Holding Inc $HMH

Citadel Advisors LLC purchased a new position in HMH Holding Inc (NASDAQ:HMH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 673,656 shares of the company’s stock, valued at approximately $12,624,000.

Separately, Readystate Asset Management LP acquired a new position in shares of HMH during the second quarter valued at about $1,499,000.

HMH Stock Performance

Shares of HMH opened at $19.50 on Monday. The company has a current ratio of 2.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $19.72. The firm has a market cap of $856.63 million and a PE ratio of 46.43. HMH Holding Inc has a one year low of $16.32 and a one year high of $24.50.

HMH (NASDAQ:HMH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The firm had revenue of $170.82 million during the quarter. Analysts predict that HMH Holding Inc will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research raised shares of HMH from a “strong sell” rating to a “hold” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their target price on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Evercore set a $24.00 price target on shares of HMH in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $28.00.

HMH Company Profile

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.