BidaskClub cut shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) from a sell rating to a strong sell rating in a report issued on Saturday, August 5th.
Several other equities research analysts also recently commented on the company. BMO Capital Markets reissued a hold rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Friday, August 4th. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a buy rating to a hold rating in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a hold rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Houghton Mifflin Harcourt currently has an average rating of Hold and a consensus target price of $16.90.
Houghton Mifflin Harcourt (NASDAQ HMHC) traded down 3.27% during trading on Friday, hitting $10.35. 1,233,172 shares of the stock were exchanged. The firm’s 50 day moving average price is $11.77 and its 200-day moving average price is $11.49. The stock’s market cap is $1.28 billion. Houghton Mifflin Harcourt has a 1-year low of $9.15 and a 1-year high of $16.18.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The company had revenue of $393.05 million during the quarter, compared to the consensus estimate of $387.68 million. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) EPS. On average, analysts anticipate that Houghton Mifflin Harcourt will post ($1.63) EPS for the current year.
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Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Houghton Mifflin Harcourt by 25.1% in the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock worth $106,000 after buying an additional 1,729 shares during the period. Bank of Montreal Can acquired a new stake in Houghton Mifflin Harcourt during the first quarter worth $111,000. D.A. Davidson & CO. boosted its stake in Houghton Mifflin Harcourt by 302.6% in the second quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after buying an additional 7,565 shares during the period. Independent Portfolio Consultants Inc. acquired a new stake in Houghton Mifflin Harcourt during the second quarter worth $125,000. Finally, Verition Fund Management LLC acquired a new stake in Houghton Mifflin Harcourt during the second quarter worth $128,000.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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