Rivulet Capital Llc Decreased Houghton Mifflin Harcourt Co (HMHC) Stake By $14.23 Million; Shorts at Novan (NOVN) Lowered By 7.61%

February 14, 2018 - By reb123z

Rivulet Capital Llc decreased Houghton Mifflin Harcourt Co (NASDAQ:HMHC) stake by 30.26% reported in 2017Q4 SEC filing. Rivulet Capital Llc sold 1.58M shares as Houghton Mifflin Harcourt Co (NASDAQ:HMHC)’s stock rose 9.73%. The Rivulet Capital Llc holds 3.64M shares with $33.87 million value, down from 5.22M last quarter. Houghton Mifflin Harcourt Co now has $918.83 million valuation. The stock increased 2.06% or $0.15 during the last trading session, reaching $7.45. About 59,456 shares traded. Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has declined 25.97% since February 14, 2017 and is downtrending. It has underperformed by 42.67% the S&P500.

Novan Incorporated (NASDAQ:NOVN) had a decrease of 7.61% in short interest. NOVN’s SI was 339,800 shares in February as released by FINRA. Its down 7.61% from 367,800 shares previously. With 50,800 avg volume, 7 days are for Novan Incorporated (NASDAQ:NOVN)’s short sellers to cover NOVN’s short positions. The SI to Novan Incorporated’s float is 3.68%. The stock increased 2.78% or $0.09 during the last trading session, reaching $3.33. About 35,780 shares traded. Novan, Inc. (NASDAQ:NOVN) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Houghton Mifflin Harcourt Company provides content, services, and technology solutions for educational institutions and consumers. The company has market cap of $918.83 million. It primarily delivers kindergarten through 12th grade education content. It currently has negative earnings. The firm operates in two divisions, Education and Trade Publishing.

Among 6 analysts covering Houghton Mifflin Harcourt (NASDAQ:HMHC), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Houghton Mifflin Harcourt had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Tuesday, August 11 to “Strong Sell”. Citigroup upgraded the shares of HMHC in report on Thursday, September 10 to “Buy” rating. The company was maintained on Monday, August 14 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, November 2 report. The firm has “Hold” rating by Stifel Nicolaus given on Monday, September 18. The stock has “Market Perform” rating by BMO Capital Markets on Friday, August 5. The firm has “Equal-Weight” rating given on Monday, October 23 by Morgan Stanley. BMO Capital Markets maintained Houghton Mifflin Harcourt Company (NASDAQ:HMHC) rating on Friday, September 15. BMO Capital Markets has “Hold” rating and $13.0 target. Wells Fargo initiated the shares of HMHC in report on Monday, October 5 with “Outperform” rating. The stock of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has “Hold” rating given on Monday, July 10 by Stifel Nicolaus.

Rivulet Capital Llc is a New York-based hedge fund that was founded by Barry Lebovits And Joshua Kuntz. It had more than $221.95 million assets under management in June, 2014. Taken from Rivulet Capital latest Adv, the fund reported to have 6 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.42, from 0.93 in 2017Q2. It is positive, as 20 investors sold HMHC shares while 29 reduced holdings. 11 funds opened positions while 55 raised stakes. 123.31 million shares or 2.53% more from 120.26 million shares in 2017Q2 were reported. Qs Ltd Liability Corporation has invested 0% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Nationwide Fund Advsr invested in 59,792 shares or 0% of the stock. Rivulet Ltd Llc invested 7.47% of its portfolio in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Barclays Public Limited Com has 166,598 shares for 0% of their portfolio. Deutsche Bankshares Ag owns 583,564 shares for 0% of their portfolio. Ws Lllp holds 1.55% or 5.17 million shares in its portfolio. 4,731 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Renaissance Technologies Ltd Liability Company has 501,600 shares for 0.01% of their portfolio. Envestnet Asset Mgmt Inc invested in 0% or 12,553 shares. Parametric Port Assocs Llc stated it has 0% of its portfolio in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Retail Bank Of Montreal Can, a Ontario – Canada-based fund reported 344,126 shares. Mutual Of America Limited Liability Corporation owns 736,419 shares. Vanguard Grp invested in 8.62 million shares. Corsair L P holds 1.03 million shares or 2.08% of its portfolio. Voya Mngmt Lc, a Georgia-based fund reported 54,290 shares.

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