CenterBook Partners LP Makes New $1.41 Million Investment in McGraw Hill, Inc. $MH

Key Points

• CenterBook Partners LP opened a new position in McGraw Hill, buying 107,549 shares worth about $1.41 million, or roughly 0.06% of the company.
• Other institutional investors also added or expanded positions, including BlackRock, which disclosed a new stake valued at approximately $16.5 million, and Renaissance Technologies, which increased its stake by 195.2%.
• McGraw Hill beat quarterly EPS estimates ($0.75 versus $0.70), though revenue fell 5.5% year over year. Analysts’ consensus rating was “Moderate Buy,” with a $17.20 average price target.

CenterBook Partners LP purchased a new position in McGraw Hill, Inc. (NYSE:MH - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 107,549 shares of the company's stock, valued at approximately $1,410,000. CenterBook Partners LP owned approximately 0.06% of McGraw Hill as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MH. Platinum Equity Advisors LLC DE acquired a new stake in shares of McGraw Hill during the 2nd quarter worth approximately $1,304,765,706,000. Militia Capital Management LLC acquired a new stake in McGraw Hill in the first quarter worth about $1,907,000. Man Group plc acquired a new stake in shares of McGraw Hill in the 2nd quarter worth approximately $1,054,000. Renaissance Technologies LLC boosted its stake in McGraw Hill by 195.2% during the 1st quarter. Renaissance Technologies LLC now owns 169,100 shares of the company's stock valued at $2,317,000 after purchasing an additional 111,812 shares in the last quarter. Finally, BlackRock Inc. bought a new position in McGraw Hill during the second quarter valued at about $16,488,000.

McGraw Hill Price Performance

NYSE MH opened at $10.68 on Tuesday. The stock has a market capitalization of $2.04 billion, a PE ratio of 4.98 and a beta of -0.82. McGraw Hill, Inc. has a 12-month low of $8.94 and a 12-month high of $18.00. The company has a 50 day moving average price of $13.15 and a two-hundred day moving average price of $12.58. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 3.25.

McGraw Hill (NYSE:MH - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The firm had revenue of $632.21 million for the quarter. During the same period in the previous year, the company earned $1.40 earnings per share. The company's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that McGraw Hill, Inc. will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of McGraw Hill in a report on Thursday, August 13th. BTIG Research reaffirmed a "buy" rating and set a $17.00 target price on shares of McGraw Hill in a research report on Tuesday, September 22nd. BMO Capital Markets increased their price target on McGraw Hill from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Weiss Ratings cut McGraw Hill from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, November 4th. Finally, UBS Group boosted their price objective on McGraw Hill from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, McGraw Hill has an average rating of "Moderate Buy" and a consensus price target of $17.20.

About McGraw Hill

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