Houghton Mifflin Harcourt Learning Technology (HMHC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 710,499 shares of the business services provider’s stock after buying an additional 126,935 shares during the quarter. Deutsche Bank AG’s holdings in Houghton Mifflin Harcourt Learning Technology were worth $6,606,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Houghton Mifflin Harcourt Learning Technology by 0.6% during the 4th quarter. BlackRock Inc. now owns 6,650,337 shares of the business services provider’s stock valued at $61,848,000 after buying an additional 36,464 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Houghton Mifflin Harcourt Learning Technology by 81.2% during the 4th quarter. Alliancebernstein L.P. now owns 6,040,000 shares of the business services provider’s stock valued at $56,172,000 after buying an additional 2,705,775 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Houghton Mifflin Harcourt Learning Technology by 14.9% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,717,565 shares of the business services provider’s stock valued at $43,873,000 after buying an additional 611,018 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Houghton Mifflin Harcourt Learning Technology by 11.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,725,342 shares of the business services provider’s stock valued at $44,890,000 after buying an additional 372,056 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Houghton Mifflin Harcourt Learning Technology by 15.8% during the 4th quarter. Jennison Associates LLC now owns 2,948,145 shares of the business services provider’s stock valued at $27,418,000 after buying an additional 403,148 shares during the last quarter.

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Shares of HMHC opened at $7.25 on Monday. Houghton Mifflin Harcourt Learning Technology has a 12-month low of $6.20 and a 12-month high of $13.95. The firm has a market cap of $895.22, a P/E ratio of -5.80 and a beta of 0.59. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96.

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.22. Houghton Mifflin Harcourt Learning Technology had a negative return on equity of 18.00% and a negative net margin of 7.34%. The firm had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $248.33 million. During the same period last year, the business posted ($1.48) earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. analysts predict that Houghton Mifflin Harcourt Learning Technology will post -0.93 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “hold” rating in a research note on Friday. Goldman Sachs assumed coverage on Houghton Mifflin Harcourt Learning Technology in a research note on Tuesday, March 27th. They set a “sell” rating and a $6.50 price objective on the stock. Zacks Investment Research cut Houghton Mifflin Harcourt Learning Technology from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine cut Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $8.00 price objective (down from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Houghton Mifflin Harcourt Learning Technology presently has a consensus rating of “Hold” and an average target price of $10.79.

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Houghton Mifflin Harcourt Learning Technology Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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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Institutional Ownership by Quarter for Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC)

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