Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Short Interest Update

Houghton Mifflin Harcourt Co (NASDAQ:HMHC) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 3,127,600 shares, a growth of 16.6% from the May 30th total of 2,681,400 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 753,500 shares, the days-to-cover ratio is currently 4.2 days.

A number of equities research analysts have recently commented on HMHC shares. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. BidaskClub raised shares of Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.63.

Houghton Mifflin Harcourt stock traded up $0.04 during trading on Friday, reaching $5.37. The company had a trading volume of 503,057 shares, compared to its average volume of 662,995. The company has a 50-day moving average of $5.56. Houghton Mifflin Harcourt has a 1-year low of $5.07 and a 1-year high of $10.64. The company has a market capitalization of $661.51 million, a price-to-earnings ratio of -5.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.20 and a quick ratio of 0.63.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.22). Houghton Mifflin Harcourt had a negative net margin of 8.25% and a negative return on equity of 18.93%. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $201.61 million. During the same period in the prior year, the business posted ($0.82) EPS. Houghton Mifflin Harcourt’s revenue was down 2.5% compared to the same quarter last year. As a group, analysts expect that Houghton Mifflin Harcourt will post -0.54 EPS for the current fiscal year.

In other news, Director Lawrence K. Fish acquired 20,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $6.47 per share, with a total value of $129,400.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.69% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in HMHC. Private Capital Group LLC grew its stake in Houghton Mifflin Harcourt by 91.3% in the 1st quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 2,100 shares during the period. Signition LP acquired a new stake in Houghton Mifflin Harcourt during the 1st quarter worth $84,000. Menta Capital LLC acquired a new stake in Houghton Mifflin Harcourt during the 1st quarter worth $94,000. Symons Capital Management Inc. acquired a new stake in Houghton Mifflin Harcourt during the 1st quarter worth $115,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Houghton Mifflin Harcourt during the 4th quarter worth $157,000. 94.92% of the stock is currently owned by hedge funds and other institutional investors.

About Houghton Mifflin Harcourt

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

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