80,000 Shares in HMH Holding Inc $HMH Acquired by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in shares of HMH Holding Inc (NASDAQ:HMH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,000 shares of the company’s stock, valued at approximately $1,499,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on HMH. Stifel Nicolaus lifted their target price on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Zacks Research upgraded HMH from a “strong sell” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Evercore set a $24.00 price target on shares of HMH in a research report on Friday, August 7th. One 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 stock. According to MarketBeat, HMH has an average rating of “Buy” and an average price target of $28.00.

HMH Stock Performance

Shares of HMH opened at $19.50 on Tuesday. The firm has a 50-day moving average of $19.72. The stock has a market cap of $856.63 million and a price-to-earnings ratio of 46.43. HMH Holding Inc has a 12-month low of $16.32 and a 12-month high of $24.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97.

HMH (NASDAQ:HMH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. The company had revenue of $170.82 million during the quarter. Equities research analysts forecast that HMH Holding Inc will post 1.21 earnings per share for the current year.

About HMH

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.