11,230 Shares in Houghton Mifflin Harcourt Company (HMHC) Acquired by Koch Industries Inc.

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.

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

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.

This report was first posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally copied and republished in violation of United States & international copyright & trademark law. The correct version of this report can be accessed at http://sleekmoney.com/11230-shares-in-houghton-mifflin-harcourt-company-hmhc-acquired-by-koch-industries-inc/1660999.html.

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.

5 Day Chart for NASDAQ:HMHC

Want to see what other hedge funds are holding HMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houghton Mifflin Harcourt Company (NASDAQ:HMHC).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/11230-shares-in-houghton-mifflin-harcourt-company-hmhc-acquired-by-koch-industries-inc/1660999.html

Receive News & Ratings for Houghton Mifflin Harcourt Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt Company and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *