State Street Corp Makes New $2.83 Million Investment in HMH Holding Inc $HMH

Key Points

• State Street Corp acquired 150,759 shares of HMH Holding, valued at approximately $2.83 million, representing about 0.34% of the company.
• Several other institutional investors also initiated positions, including Citadel Advisors with an investment of approximately $12.62 million.
• Analysts maintain a consensus “Buy” rating with a $28 price target; HMH also reported quarterly EPS of $0.42, beating the $0.23 consensus estimate.

State Street Corp bought a new position in HMH Holding Inc (NASDAQ:HMH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 150,759 shares of the company's stock, valued at approximately $2,825,000. State Street Corp owned about 0.34% of HMH as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of HMH. Squarepoint Ops LLC acquired a new stake in HMH during the second quarter valued at approximately $1,076,000. Citadel Advisors LLC acquired a new stake in shares of HMH during the 2nd quarter valued at approximately $12,624,000. Finally, Readystate Asset Management LP bought a new position in HMH during the second quarter worth $1,499,000.

Wall Street Analyst Weigh In

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

HMH Stock Up 2.9%

HMH stock opened at $19.16 on Friday. The firm has a market cap of $841.70 million and a PE ratio of 45.62. The business has a 50-day moving average price of $19.82. 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 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 earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. The firm had revenue of $170.82 million during the quarter. Equities analysts forecast that HMH Holding Inc will post 1.21 EPS for the current fiscal year.

HMH Company Profile

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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