673,656 Shares in HMH Holding Inc $HMH Purchased by Citadel Advisors LLC

Key Points

• Citadel Advisors purchased 673,656 HMH shares worth approximately $12.6 million, acquiring a 1.53% stake during the second quarter. Readystate Asset Management also opened a position valued at about $1.5 million.
• HMH reported quarterly EPS of $0.42, exceeding analysts’ $0.23 consensus estimate, on revenue of $170.82 million.
• Analysts maintain a consensus “Buy” rating with an average price target of $28, compared with HMH’s opening price of $19.50; the stock’s market capitalization is approximately $856.6 million.

Citadel Advisors LLC bought a new position in shares of HMH Holding Inc (NASDAQ:HMH - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 673,656 shares of the company's stock, valued at approximately $12,624,000. Citadel Advisors LLC owned approximately 1.53% of HMH at the end of the most recent reporting period.

Separately, Readystate Asset Management LP bought a new position in shares of HMH during the second quarter valued at approximately $1,499,000.

HMH Stock Performance

NASDAQ:HMH opened at $19.50 on Monday. HMH Holding Inc has a fifty-two week low of $16.32 and a fifty-two week high of $24.50. The company has a market cap of $856.63 million and a PE ratio of 46.43. The company has a quick ratio of 1.82, a current ratio of 2.97 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $19.72.

HMH (NASDAQ:HMH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. The firm had revenue of $170.82 million during the quarter. On average, research analysts forecast that HMH Holding Inc will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of HMH from $27.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Zacks Research upgraded HMH from a "strong sell" rating to a "hold" rating in a report on Friday, July 24th. Finally, Evercore set a $24.00 target price on HMH in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $28.00.

About HMH

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.

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