Norman Fields Gottscho Capital Management Lowers stake in Houghton Mifflin Harcourt Co (HMHC)

Houghton Mifflin Harcourt Co (HMHC) : Norman Fields Gottscho Capital Management reduced its stake in Houghton Mifflin Harcourt Co by 29.65% during the most recent quarter end. The investment management company now holds a total of 34,400 shares of Houghton Mifflin Harcourt Co which is valued at $456,488 after selling 14,500 shares in Houghton Mifflin Harcourt Co , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Houghton Mifflin Harcourt Co makes up approximately 0.30% of Norman Fields Gottscho Capital Management’s portfolio.

Other Hedge Funds, Including , West Oak Capital added HMHC to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $2,654.

Houghton Mifflin Harcourt Co closed down -0.25 points or -1.88% at $13.04 with 3,20,215 shares getting traded on Tuesday. Post opening the session at $13.34, the shares hit an intraday low of $13.01 and an intraday high of $13.465 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Houghton Mifflin Harcourt Co reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $392.04 million for the quarter, compared to analysts expectations of $430.71 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Houghton Mifflin Harcourt Co. Shares were Downgraded by BMO Capital Markets on Aug 5, 2016 to ” Market Perform” and Lowered the Price Target to $ 17 from a previous price target of $22 .Houghton Mifflin Harcourt Co was Upgraded by Goldman to ” Buy” on Aug 1, 2016.

Houghton Mifflin Harcourt Company (HMH) is a global learning company specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content services and technology to both educational institutions and consumers in more than 150 countries across the world. In the United States the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George Carmen Sandiego The Oregon Trail The Little Prince The Lord of the Rings Life of Pi Webster’s New World Dictionary and Cliffs Notes.

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