Burgundy Asset Management LTD Has Increased Its Houghton Mifflin Harcourt Co. (HMHC) Position; Constellium Nv (CSTM) Shareholder Concourse Capital Management Lowered Its Position as Share Value Declined

January 17, 2018 - By Vivian Currie

Concourse Capital Management Llc decreased its stake in Constellium Nv (CSTM) by 37.11% based on its latest 2017Q3 regulatory filing with the SEC. Concourse Capital Management Llc sold 190,095 shares as the company’s stock declined 23.17% while stock markets rallied. The hedge fund held 322,096 shares of the metal fabrications company at the end of 2017Q3, valued at $3.30M, down from 512,191 at the end of the previous reported quarter. Concourse Capital Management Llc who had been investing in Constellium Nv for a number of months, seems to be less bullish one the $1.63B market cap company. The stock decreased 1.62% or $0.2 during the last trading session, reaching $12.15. About 1.82M shares traded or 13.16% up from the average. Constellium N.V (NYSE:CSTM) has risen 20.46% since January 17, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Burgundy Asset Management Ltd increased its stake in Houghton Mifflin Harcourt Co. (HMHC) by 140.83% based on its latest 2017Q3 regulatory filing with the SEC. Burgundy Asset Management Ltd bought 2.40 million shares as the company’s stock rose 9.73% with the market. The institutional investor held 4.11 million shares of the books company at the end of 2017Q3, valued at $49.48M, up from 1.71 million at the end of the previous reported quarter. Burgundy Asset Management Ltd who had been investing in Houghton Mifflin Harcourt Co. for a number of months, seems to be bullish on the $1.11B market cap company. The stock decreased 1.64% or $0.15 during the last trading session, reaching $9. About 481,621 shares traded. Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has declined 25.97% since January 17, 2017 and is downtrending. It has underperformed by 42.67% the S&P500.

Burgundy Asset Management Ltd, which manages about $19.85B and $10.56 billion US Long portfolio, decreased its stake in Equifax Inc. (NYSE:EFX) by 853,949 shares to 829,493 shares, valued at $87.92 million in 2017Q3, according to the filing. It also reduced its holding in Advantage Oil & Gas Ltd. (NYSE:AAV) by 969,348 shares in the quarter, leaving it with 20.17 million shares, and cut its stake in Autonation Inc. (NYSE:AN).

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.42, from 0.93 in 2017Q2. It improved, 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. New York-based Oppenheimer Asset Management Inc has invested 0.01% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Qs Invsts Ltd Liability Co reported 164 shares. First Mercantile owns 13,689 shares. Moreover, Metropolitan Life New York has 0.01% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) for 70,494 shares. State Board Of Administration Of Florida Retirement System reported 64,288 shares. 501,600 were accumulated by Renaissance Limited Liability Company. Moreover, Zacks Invest Mgmt has 0% invested in Houghton Mifflin Harcourt Company (NASDAQ:HMHC) for 12,144 shares. Kennedy Capital Management holds 0.11% or 527,590 shares in its portfolio. Legal & General Grp Inc Plc owns 41,490 shares for 0% of their portfolio. 122,383 were accumulated by Parametric Portfolio Associates Limited Liability Com. Fifth Third Natl Bank stated it has 1,137 shares or 0% of all its holdings. 1.03M are owned by Jpmorgan Chase And Com. Bancorporation Of America De accumulated 131,614 shares or 0% of the stock. Quantbot Technologies Lp has invested 0.01% in Houghton Mifflin Harcourt Company (NASDAQ:HMHC). 2.69M were reported by Cramer Rosenthal Mcglynn Lc.

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 firm earned “Buy” rating on Friday, August 7 by Oppenheimer. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained it with “Hold” rating and $1300 target in Friday, June 23 report. The firm earned “Market Perform” rating on Friday, August 5 by BMO Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 14. On Sunday, August 6 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was maintained by Citigroup on Wednesday, August 17 with “Buy”. Citigroup upgraded the shares of HMHC in report on Thursday, September 10 to “Buy” rating. The company was maintained on Monday, October 23 by Morgan Stanley. The stock of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) earned “Strong Sell” rating by Zacks on Tuesday, August 11.

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Sterne Agee CRT given on Friday, October 2. On Monday, November 27 the stock rating was upgraded by Cowen & Co to “Outperform”. The firm has “Buy” rating given on Monday, October 5 by Deutsche Bank. Credit Suisse initiated Constellium N.V (NYSE:CSTM) on Friday, March 11 with “Outperform” rating. The rating was downgraded by Societe Generale to “Hold” on Friday, May 20. The stock of Constellium N.V (NYSE:CSTM) has “Market Perform” rating given on Monday, September 21 by Cowen & Co. The stock of Constellium N.V (NYSE:CSTM) has “Market Perform” rating given on Friday, July 28 by BMO Capital Markets. As per Wednesday, March 16, the company rating was maintained by JP Morgan. Citigroup maintained Constellium N.V (NYSE:CSTM) on Monday, October 5 with “Neutral” rating. Seaport Global upgraded the stock to “Buy” rating in Wednesday, November 23 report.

Concourse Capital Management Llc, which manages about $220.65 million and $205.65M US Long portfolio, upped its stake in Kkr & Co LP Del (NYSE:KKR) by 33,890 shares to 436,449 shares, valued at $8.87 million in 2017Q3, according to the filing. It also increased its holding in Yandex N V (NASDAQ:YNDX) by 22,565 shares in the quarter, for a total of 208,515 shares, and has risen its stake in C&J Energy Svcs Inc New.

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