160 institutions hold shares in Houghton Mifflin Harcourt Company (HMHC), with 1.32M shares held by insiders accounting for 1.05% while institutional investors hold 89.35% of the company’s shares. The shares outstanding are 125.87M, and float is at 124.85M with Short Float at 4.24%. Institutions hold 88.42% of the Float.
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The top institutional shareholder in the company is Wellington Management Group, LLP with over 16.02 million shares valued at $53.34 million. The investor’s holdings represent 12.57% of the HMHC Shares outstanding. As of Dec 30, 2020, the second largest holder is Burgundy Asset Management Ltd. with 10.63 million shares valued at $35.4 million to account for 8.34% of the shares outstanding. The other top investors are AllianceBernstein, L.P. which holds 8.58 million shares representing 6.73% and valued at over $28.57 million, while Blackrock Inc. holds 6.25% of the shares totaling 7.96 million with a market value of $26.52 million.
Houghton Mifflin Harcourt Company (NASDAQ: HMHC) is 119.22% higher on its value in year-to-date trading and has touched a low of $1.03 and a high of $8.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HMHC stock was last observed hovering at around $7.16 in the last trading session, with the day’s gains setting it 0.14% off its average median price target of $7.45 for the next 12 months. It is also 8.75% off the consensus price target high of $8.00 offered by 3 analysts, but current levels are -121.21% lower than the price target low of $3.30 for the same period.
Currently trading at $7.30, the stock is 8.50% and 17.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 2.03% at the moment leaves the stock 104.50% off its SMA200. HMHC registered 380.26% gain for a year compared to 6-month gain of 193.17%. The firm has a 50-day simple moving average (SMA 50) of $6.53 and a 200-day simple moving average (SMA200) of $4.16.
The stock witnessed a 17.74% loss in the last 1 month and extending the period to 3 months gives it a 122.56%, and is 2.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.60% over the week and 7.09% over the month.
Houghton Mifflin Harcourt Company (HMHC) has around 2600 employees, a market worth around $940.39M and $1.03B in sales. Profit margin for the company is -46.50%. Distance from 52-week low is 608.74% and -8.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.80%).
Houghton Mifflin Harcourt Company (HMHC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Houghton Mifflin Harcourt Company (HMHC) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Houghton Mifflin Harcourt Company is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.56 with sales reaching $153.95M over the same period.The EPS is expected to shrink by -122.10% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to shrink -18.90% in year-over-year returns.
Houghton Mifflin Harcourt Company (HMHC) Insider Activity
A total of 77 insider transactions have happened at Houghton Mifflin Harcourt Company (HMHC) in the last six months, with sales accounting for 37 and purchases happening 40 times. The most recent transaction is an insider sale by Abbott Joseph Patrick Jr., the company’s EVP, Chief Financial Officer. SEC filings show that Abbott Joseph Patrick Jr. sold 23,186 shares of the company’s common stock on Mar 10 at a price of $6.66 per share for a total of $0.15 million. Following the sale, the insider now owns 0.15 million shares.
Houghton Mifflin Harcourt Company disclosed in a document filed with the SEC on Mar 10 that Reyes Alejandro (SVP, Chief People Officer) sold a total of 4,285 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $6.66 per share for $28538.0. Following the transaction, the insider now directly holds 25375.0 shares of the HMHC stock.
Still, SEC filings show that on Mar 10, Lynch John J Jr (President and CEO) disposed off 38,632 shares at an average price of $6.66 for $0.26 million. The insider now directly holds 407,322 shares of Houghton Mifflin Harcourt Company (HMHC).
Houghton Mifflin Harcourt Company (HMHC): Who are the competitors?
The company’s main competitors (and peers) include ATA Creativity Global (AACG) that is trading 320.66% up over the past 12 months and Scholastic Corporation (SCHL) that is 22.18% higher over the same period. Pearson plc (PSO) is 82.58% up on the 1-year trading charts. Short interest in the company’s stock has fallen -6.23% from the last report on Feb 11, 2021 to stand at a total of 5.63 million short shares sold with a short interest ratio of 3.06.