Squarepoint Ops LLC Decreases Position in McGraw Hill, Inc. $MH

Key Points

• Squarepoint Ops LLC cut its McGraw Hill position by 90.9% in the second quarter, selling 274,052 shares and retaining 27,572 shares valued at approximately $261,000.
• McGraw Hill reported quarterly earnings of $0.59 per share, exceeding analyst expectations of $0.48, while revenue rose 2.7% year over year to $549.9 million.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $17.20, compared with the stock’s reported price of $13.72.

Squarepoint Ops LLC decreased its position in shares of McGraw Hill, Inc. (NYSE:MH - Free Report) by 90.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,572 shares of the company's stock after selling 274,052 shares during the quarter. Squarepoint Ops LLC's holdings in McGraw Hill were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new stake in McGraw Hill during the 2nd quarter valued at $336,000. HighTower Advisors LLC bought a new position in McGraw Hill during the 2nd quarter valued at about $212,000. AXQ Capital LP raised its holdings in shares of McGraw Hill by 193.2% during the second quarter. AXQ Capital LP now owns 42,737 shares of the company's stock valued at $405,000 after purchasing an additional 28,162 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of McGraw Hill during the second quarter valued at approximately $147,000. Finally, Platinum Equity Advisors LLC DE bought a new position in McGraw Hill during the second quarter valued at approximately $1,304,765,706,000.

McGraw Hill Stock Performance

Shares of MH opened at $13.72 on Thursday. The business has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $12.15. 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, Inc. has a 52 week low of $8.94 and a 52 week high of $18.00. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 27.45 and a beta of -0.85.

McGraw Hill (NYSE:MH - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.11. The business had revenue of $549.90 million during the quarter. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that McGraw Hill, Inc. will post 1.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of McGraw Hill from $16.00 to $17.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. UBS Group increased their price target on McGraw Hill from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Friday, August 14th. Weiss Ratings raised McGraw Hill from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, August 14th. Robert W. Baird cut their price objective on McGraw Hill from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. reduced their price objective on McGraw Hill from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.20.

McGraw Hill Profile

McGraw Hill is an education company that develops learning materials, digital courseware and assessment products for students, educators and institutions. Its offerings span higher education, K–12 schools, professional learning and international markets, with products designed to support instruction, curriculum planning, homework, testing and student progress tracking.

The company's portfolio includes digital learning platforms, college textbooks, adaptive learning tools, online assignments, teacher resources and educational assessments.

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