Lapides Asset Management LLC Holds Position in Houghton Mifflin Harcourt Co (HMHC)

September 13, 2017 - By Darrin Black

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.33, from 0.79 in 2016Q3. It improved, as 20 investors sold HMHC shares while 40 reduced holdings. 23 funds opened positions while 44 raised stakes. 119.77 million shares or 2.47% less from 122.80 million shares in 2016Q3 were reported. Anchorage Capital Grp Inc Llc reported 20.09M shares stake. Blackrock Ltd invested 0% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Nordea Investment Management invested in 0.01% or 419,200 shares. Eagle Asset Management Inc owns 0.02% invested in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 278,712 shares. Lapides Asset Mngmt Limited Liability holds 3.58% or 1.84M shares. Da Davidson And reported 0% stake. Legal And General Gp Public Ltd Liability holds 0% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 42,800 shares. Guggenheim Cap Ltd accumulated 0.01% or 222,456 shares. Citigroup Inc reported 10,415 shares stake. 86,886 were reported by Parametric Port Associates Limited Liability Com. Metropolitan Life Insur Ny has 0.01% invested in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Blackrock Fund Advisors, California-based fund reported 3.79M shares. Bogle Invest Lp De holds 113,865 shares. Principal Financial Group has 16,985 shares for 0% of their portfolio. Pennsylvania-based Nationwide Fund has invested 0% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC).

Since May 8, 2017, it had 1 insider purchase, and 0 selling transactions for $875,322 activity. On Monday, May 8 the insider FISH LAWRENCE K bought $875,322.

Lapides Asset Management Llc increased its stake in Houghton Mifflin Harcourt Co (HMHC) by 34.37% based on its latest 2016Q4 regulatory filing with the SEC. Lapides Asset Management Llc bought 470,600 shares as the company’s stock rose 9.73% with the market. The institutional investor held 1.84M shares of the books company at the end of 2016Q4, valued at $19.96M, up from 1.37 million at the end of the previous reported quarter. Lapides Asset Management Llc who had been investing in Houghton Mifflin Harcourt Co for a number of months, seems to be bullish on the $1.37B market cap company. The stock rose 0.91% or $0.1 reaching $11.1 per share. About 190,283 shares traded. Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has declined 25.97% since September 13, 2016 and is downtrending. It has underperformed by 42.67% the S&P500.

Lapides Asset Management Llc, which manages about $912.08M and $556.91 million US Long portfolio, decreased its stake in Zebra Technologies Corp Cl A (NASDAQ:ZBRA) by 61,700 shares to 109,600 shares, valued at $9.40M in 2016Q4, according to the filing. It also reduced its holding in Belden Inc (NYSE:BDC) by 44,500 shares in the quarter, leaving it with 244,700 shares, and cut its stake in Knowles Corp (NYSE:KN).

More important recent Houghton Mifflin Harcourt Co (NASDAQ:HMHC) news were published by: Prnewswire.com which released: “Houghton Mifflin Harcourt to Participate in BMO Capital Markets 17th Annual …” on September 08, 2017, also Seekingalpha.com published article titled: “Houghton Mifflin Harcourt (HMHC) Q1 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “Houghton Mifflin Harcourt (HMHC) Q4 2016 Results – Earnings Call Transcript” on February 23, 2017. More interesting news about Houghton Mifflin Harcourt Co (NASDAQ:HMHC) was released by: Seekingalpha.com and their article: “Houghton Mifflin Harcourt (HMHC) CEO John Lynch on Q2 2017 Results – Earnings …” with publication date: August 05, 2017.

Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Ratings Coverage

Among 5 analysts covering Houghton Mifflin Harcourt (NASDAQ:HMHC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Houghton Mifflin Harcourt had 11 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets downgraded the stock to “Market Perform” rating in Friday, August 5 report. Piper Jaffray maintained the stock with “Hold” rating in Sunday, August 6 report. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 10. BMO Capital Markets maintained Houghton Mifflin Harcourt Co (NASDAQ:HMHC) on Friday, June 23 with “Hold” rating. The company was maintained on Wednesday, August 17 by Citigroup. The company was maintained on Monday, August 14 by Stifel Nicolaus. BMO Capital Markets maintained Houghton Mifflin Harcourt Co (NASDAQ:HMHC) rating on Thursday, August 3. BMO Capital Markets has “Hold” rating and $1300 target. The firm earned “Strong Sell” rating on Tuesday, August 11 by Zacks. As per Monday, October 5, the company rating was initiated by Wells Fargo. The firm has “Buy” rating given on Thursday, September 10 by Citigroup.

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