Squarepoint Ops LLC Makes New Investment in HMH Holding Inc $HMH

Key Points

• Squarepoint Ops LLC initiated a position in HMH Holding, buying 57,432 shares valued at approximately $1.08 million, while Citadel Advisors also made a new $12.6 million investment during the second quarter.
• HMH reported quarterly EPS of $0.42, beating analyst expectations of $0.23, on revenue of $170.82 million. Analysts project full-year EPS of $1.21.
• HMH shares opened at $19.11, down 3.0%, while Wall Street maintained a generally positive outlook with an average “Buy” rating and a consensus price target of $28.00.

Squarepoint Ops LLC acquired a new position in shares of HMH Holding Inc (NASDAQ:HMH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 57,432 shares of the company's stock, valued at approximately $1,076,000. Squarepoint Ops LLC owned about 0.13% of HMH at the end of the most recent quarter.

Separately, Citadel Advisors LLC purchased a new position in shares of HMH in the 2nd quarter valued at $12,624,000.

HMH Stock Down 3.0%

NASDAQ HMH opened at $19.11 on Friday. The stock has a market capitalization of $839.50 million and a price-to-earnings ratio of 45.50. HMH Holding Inc has a 52-week low of $16.32 and a 52-week high of $24.50. The business's 50-day moving average is $19.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97.

HMH (NASDAQ:HMH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19. The company had revenue of $170.82 million for the quarter. As a group, analysts anticipate that HMH Holding Inc will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About HMH

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.

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