Readystate Asset Management LP Makes New $1.50 Million Investment in HMH Holding Inc $HMH

Key Points

• Readystate Asset Management acquired 80,000 HMH Holding shares worth approximately $1.50 million, representing about 0.18% of the company.
• HMH reported quarterly EPS of $0.42, exceeding analysts’ $0.23 consensus estimate, on revenue of $170.82 million.
• Analysts maintain a generally positive view, with an average “Buy” rating and a $28.00 average price target versus the stock’s reported $19.50 price.

Readystate Asset Management LP bought a new stake in shares of HMH Holding Inc (NASDAQ:HMH - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,000 shares of the company's stock, valued at approximately $1,499,000. Readystate Asset Management LP owned approximately 0.18% of HMH as of its most recent filing with the Securities & Exchange Commission.

HMH Price Performance

Shares of NASDAQ HMH opened at $19.50 on Tuesday. HMH Holding Inc has a 1-year low of $16.32 and a 1-year high of $24.50. The stock 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 stock's fifty day moving average is $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. As a group, equities research analysts anticipate that HMH Holding Inc will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HMH has been the subject of a number of recent research reports. Evercore set a $24.00 target price on shares of HMH in a report on Friday, August 7th. Stifel Nicolaus upped their target price on HMH from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of HMH from a "strong sell" rating to a "hold" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, HMH currently has an average rating of "Buy" and an average target price 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.

Want to see what other hedge funds are holding HMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMH Holding Inc (NASDAQ:HMH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.