Houghton Mifflin Har (:HMHC) Takes Off in Trading Today – Up by 7.40%

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Houghton Mifflin Har is trading up by 7.40% percent from yesterday’s close and is one of the top gainers in today’s market. 1 shares have been traded.

Houghton Mifflin Har in recent headlines.

Houghton Mifflin Harcourt Schedules Conference Call to Discuss Third Quarter Results
Houghton Mifflin Harcourt Announces Third Quarter 2017 Results.

Investors are a little more bearish lately at least if you consider the rise in short interest. The firm saw a rise in short interest of 5.28% between September 29, 2017 and October 13, 2017. Short shares grew 391,394 over that timeframe. The days to cover decreased to 8.0 and the short interest percentage is 0.06% as of October 13.

The following firms have recently changed their position in HMHC. As of quarter end Mutual Of America Capital Management LLC had acquired a total of 20,210 shares growing its position 2.8%. The value in dollars increased from $8,809,000 to $8,874,000 increasing 0.7% since the last quarter. As of the end of the quarter Nationwide Fund Advisors had bought 1,120 shares growing its holdings by 1.9%. The value of the investment in (HMHC) went from $722,000 to $720,000 a change of $2,000 for the reporting period.

Peregrine Capital Management LLC bolstered its stake by buying 41,141 shares an increase of 3.5% as of 09/30/2017. Peregrine Capital Management LLC currently owns 1,210,952 shares worth $14,592,000. The total value of its holdings increased 1.4%. As of the end of the quarter Aperio Group, LLC had sold a total of 1,827 shares trimming its stake by 11.1%. The value of the company’s investment in Houghton Mifflin Har went from $202,000 to $176,000 a change of 12.9% quarter over quarter.

On October 23 Morgan Stanley held the stock rating at “Equal-Weight” but moved down the price target from $26.00 to $11.00.

The company currently has a P/E ratio of and market capitalization is 1.30B.

Houghton Mifflin Harcourt Company (HMH), launched on December 23, 2009, 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. In the United States, the Company is a provider of kindergarten through 12th grade (K-12) educational content. It sells its products and services across multiple media and distribution channels..