Dimensional Fund Advisors LP Purchases 372,056 Shares of Houghton Mifflin Harcourt Co (HMHC)

Dimensional Fund Advisors LP raised its stake in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,725,342 shares of the business services provider’s stock after acquiring an additional 372,056 shares during the period. Dimensional Fund Advisors LP owned about 3.02% of Houghton Mifflin Harcourt worth $44,890,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Houghton Mifflin Harcourt by 25.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,729 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Houghton Mifflin Harcourt by 302.6% in the 2nd quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after acquiring an additional 7,565 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Houghton Mifflin Harcourt in the 2nd quarter worth about $128,000. Great West Life Assurance Co. Can increased its holdings in Houghton Mifflin Harcourt by 107.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock worth $199,000 after acquiring an additional 8,613 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Houghton Mifflin Harcourt in the 2nd quarter worth about $227,000.

Houghton Mifflin Harcourt Co (HMHC) opened at $9.15 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.10. The company has a market capitalization of $1,128.50, a P/E ratio of -4.34 and a beta of 0.59. Houghton Mifflin Harcourt Co has a 12 month low of $8.05 and a 12 month high of $13.95.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $528.40 million. During the same period in the previous year, the firm earned $0.73 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. equities analysts predict that Houghton Mifflin Harcourt Co will post -1.67 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on HMHC shares. Citigroup cut their target price on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $14.00 price target on shares of Houghton Mifflin Harcourt in a research report on Friday, November 3rd. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, BMO Capital Markets restated a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Houghton Mifflin Harcourt has an average rating of “Hold” and an average target price of $13.08.

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Houghton Mifflin Harcourt Profile

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.

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

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