Shares of HMH Holding Inc (NASDAQ:HMH – Get Free Report) fell 21.1% during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $12.51 and last traded at $12.1570. Approximately 40,672 shares traded hands during trading, a decline of 84% from the average daily volume of 260,027 shares. The stock had previously closed at $15.40.
The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.14). The business had revenue of $171.08 million for the quarter.
Analyst Ratings Changes
Several analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Evercore set a $24.00 price target on shares of HMH in a research report on Friday, August 7th. Finally, Zacks Research raised HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.00.
Check Out Our Latest Research Report on HMH
Hedge Funds Weigh In On HMH
Institutional investors have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS purchased a new stake in HMH during the third quarter valued at about $490,000. Squarepoint Ops LLC acquired a new position in shares of HMH in the second quarter worth about $1,076,000. Readystate Asset Management LP acquired a new position in shares of HMH in the second quarter worth about $1,499,000. State Street Corp purchased a new position in shares of HMH in the second quarter worth approximately $2,825,000. Finally, Citadel Advisors LLC acquired a new stake in shares of HMH during the second quarter valued at approximately $12,624,000.
HMH Price Performance
The stock’s fifty day moving average price is $18.66 and its 200-day moving average price is $19.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.97 and a quick ratio of 1.82. The firm has a market cap of $564.68 million and a price-to-earnings ratio of 30.32.
About HMH
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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