Trellus Management Company buys $1,193,500 stake in Houghton Mifflin Harcourt Co (HMHC)

Houghton Mifflin Harcourt Co (HMHC) : Trellus Management Company scooped up 49,236 additional shares in Houghton Mifflin Harcourt Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 70,000 shares of Houghton Mifflin Harcourt Co which is valued at $1,193,500.Houghton Mifflin Harcourt Co makes up approximately 2.69% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in HMHC during the most recent quarter. The investment firm sold 526 shares of HMHC which is valued $8,968.Independent Portfolio Consultants reduced its stake in HMHC by selling 185 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 2,590 shares of HMHC which is valued at $43,486. Houghton Mifflin Harcourt Co makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Creative Planning sold out all of its stake in HMHC during the most recent quarter. The investment firm sold 200 shares of HMHC which is valued $3,392.Cutler Group Lp boosted its stake in HMHC in the latest quarter, The investment management firm added 2,804 additional shares and now holds a total of 4,337 shares of Houghton Mifflin Harcourt Co which is valued at $73,556.

Houghton Mifflin Harcourt Co opened for trading at $16.84 and hit $17.19 on the upside on Wednesday, eventually ending the session at $17.05, with a gain of 1.79% or 0.3 points. The heightened volatility saw the trading volume jump to 2,89,582 shares. Company has a market cap of $2,100 M.

On the company’s financial health, Houghton Mifflin Harcourt Co reported $-1.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-1.17. The company had revenue of $205.82 million for the quarter, compared to analysts expectations of $198.74 million. The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.12 EPS.

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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