Koch Industries Inc. purchased a new stake in shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) during the fourth quarter, Holdings Channel reports. The firm purchased 11,230 shares of the company’s stock, valued at approximately $122,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Airain ltd acquired a new position in Houghton Mifflin Harcourt Company during the second quarter valued at $170,000. Trexquant Investment LP acquired a new position in Houghton Mifflin Harcourt Company during the fourth quarter valued at $233,000. First Trust Advisors LP acquired a new position in Houghton Mifflin Harcourt Company during the third quarter valued at $388,000. Royal Bank of Canada raised its position in Houghton Mifflin Harcourt Company by 456.2% in the second quarter. Royal Bank of Canada now owns 32,683 shares of the company’s stock valued at $510,000 after buying an additional 26,807 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Houghton Mifflin Harcourt Company during the third quarter valued at $570,000.
Houghton Mifflin Harcourt Company (NASDAQ:HMHC) remained flat at $10.10 during mid-day trading on Tuesday. The stock had a trading volume of 1,383,044 shares. Houghton Mifflin Harcourt Company has a 1-year low of $9.15 and a 1-year high of $21.08. The company’s market cap is $1.24 billion. The company’s 50 day moving average is $10.83 and its 200-day moving average is $12.65.
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Several research analysts recently weighed in on HMHC shares. Zacks Investment Research raised Houghton Mifflin Harcourt Company from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, January 10th. Citigroup Inc. restated a “focus list” rating on shares of Houghton Mifflin Harcourt Company in a research note on Tuesday, January 31st. Finally, BMO Capital Markets restated a “hold” rating on shares of Houghton Mifflin Harcourt Company in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.86.
Houghton Mifflin Harcourt Company Company 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. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.
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