Houghton Mifflin Harcourt Company (HMHC) Is Forming Wedge Down Chart Pattern at $7.65

April 16, 2018 - By Vernon Rice

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Corporate Logo

Big Money Sentiment increased to 1.77 in Q4 2017. It has change of 0.42, from 2017Q3’s 1.35. The ratio increased due to Houghton Mifflin Harcourt Company positioning: 13 sold and 31 reduced. 34 funds bought holdings and 44 increased holdings. Investors holded 123.31 million in 2017Q3 but now own 120.03 million shares or 2.66% less.
Virtu Financial Ltd invested in 43,221 shs. 1.39 million were reported by Millennium Mgmt Ltd. Hbk Investments Lp stated it has 110,500 shs. Citadel Advsrs Limited Liability reported 520,348 shs. Pacad reported 0.06% of its capital in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Manufacturers Life The holds 0% or 80,725 shs in its capital. Blackrock Inc owns 6.65M shs. Cubist Systematic Strategies Ltd Limited Liability Company has invested 0.01% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Menta Cap Ltd Limited Liability Company holds 127,769 shs. 11,165 are owned by Jane Street Grp Inc Ltd Com. Hsbc Holdings Public Ltd Liability Com has 0% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) for 19,893 shs. Amalgamated Savings Bank reported 13,983 shs. Rhumbline Advisers invested 0% of its capital in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). 69,686 are owned by Amer Grp Inc Incorporated Inc.

Houghton Mifflin Harcourt Company (HMHC)’s chart indicates a down wedge chart pattern with $7.19 PT. That’s 6.00 % below today’s $7.65 stock price. The company’s valuation will be $56.64M less at $7.19 PT.

The stock increased 2.68% or $0.2 during the last trading session, reaching $7.65.Houghton Mifflin Harcourt Company has volume of 72,358 shares. Since April 16, 2017 HMHC has declined 25.40% and is downtrending. HMHC underperformed the S&P 500 by 36.95%.

Analysts await Houghton Mifflin Harcourt Company (NASDAQ:HMHC) to report earnings on May, 3. They expect $-0.79 earnings per share, up 17.71 % or $0.17 from last year’s $-0.96 per share. After $-0.70 actual earnings per share reported by Houghton Mifflin Harcourt Company for the previous quarter, Wall Street now forecasts 12.86 % negative EPS growth.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Ratings Coverage

In total 6 analysts cover Houghton Mifflin Harcourt (NASDAQ:HMHC). “Buy” rating has 1, “Sell” are 1, while 4 are “Hold”. 17% are bullish. 8 are the (NASDAQ:HMHC)’s analyst reports since October 23, 2017 according to StockzIntelligence Inc. The stock rating was maintained by Stifel Nicolaus with “Hold” on Thursday, November 2. On Wednesday, April 11 the rating was maintained by Piper Jaffray with “Hold”. On Thursday, February 22 Piper Jaffray maintained Houghton Mifflin Harcourt Company (NASDAQ:HMHC) rating. Piper Jaffray has “Hold” rating and $12.0 target. On Friday, November 3 the firm has “Buy” rating given by Citigroup. On Friday, February 23 the company was maintained by BMO Capital Markets. On Monday, October 23 Morgan Stanley maintained the shares of HMHC in report with “Equal-Weight” rating. On Friday, February 23 the stock of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) earned “Hold” rating by Stifel Nicolaus. On Tuesday, March 27 the firm has “Sell” rating by Goldman Sachs given.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Institutional Investors Chart

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