HMH Holding Inc’s (NASDAQ:HMH) Lock-Up Period To Expire on September 28th

HMH’s (NASDAQ:HMHGet Free Report) lock-up period will end on Monday, September 28th. HMH had issued 10,520,000 shares in its IPO on April 1st. The total size of the offering was $210,400,000 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HMH shares. Stifel Nicolaus increased their price objective 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 upgraded HMH from a “strong sell” rating to a “hold” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $28.00.

View Our Latest Stock Analysis on HMH

HMH Price Performance

HMH stock opened at $18.58 on Wednesday. The firm has a market cap of $816.22 million and a PE ratio of 44.24. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. 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 business’s 50-day moving average price is $19.86.

HMH (NASDAQ:HMHGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The firm had revenue of $170.82 million during the quarter. As a group, analysts forecast that HMH will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new stake in shares of HMH in the second quarter valued at $1,076,000. Readystate Asset Management LP acquired a new stake in HMH in the 2nd quarter worth about $1,499,000. State Street Corp purchased a new stake in HMH in the 2nd quarter valued at about $2,825,000. Finally, Citadel Advisors LLC purchased a new stake in HMH in the 2nd quarter valued at about $12,624,000.

About HMH

(Get Free Report)

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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