Houghton Mifflin Harcourt Learning Technology (HMHC) Sets New 52-Week High and Low at $6.40

Shares of Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $6.40 and last traded at $6.37, with a volume of 435660 shares traded. The stock had previously closed at $6.95.

Several analysts have issued reports on HMHC shares. Zacks Investment Research raised shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, February 6th. BMO Capital Markets reissued a “market perform” rating and issued a $8.00 price objective (down previously from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a research note on Friday, February 23rd. BidaskClub raised shares of Houghton Mifflin Harcourt Learning Technology from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Goldman Sachs began coverage on shares of Houghton Mifflin Harcourt Learning Technology in a research note on Tuesday, March 27th. They issued a “sell” rating and a $6.50 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Houghton Mifflin Harcourt Learning Technology presently has an average rating of “Hold” and a consensus price target of $10.79.

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The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.96.

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported ($0.70) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.22. Houghton Mifflin Harcourt Learning Technology had a negative net margin of 7.34% and a negative return on equity of 18.00%. The firm had revenue of $261.00 million during the quarter, compared to the consensus estimate of $248.33 million. During the same quarter in the previous year, the firm posted ($1.48) earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. equities research analysts expect that Houghton Mifflin Harcourt Learning Technology will post -0.93 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of HMHC. Alliancebernstein L.P. raised its stake in shares of Houghton Mifflin Harcourt Learning Technology by 81.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,040,000 shares of the business services provider’s stock valued at $56,172,000 after acquiring an additional 2,705,775 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Houghton Mifflin Harcourt Learning Technology by 140.8% during the third quarter. Burgundy Asset Management Ltd. now owns 4,106,547 shares of the business services provider’s stock valued at $49,484,000 after buying an additional 2,401,362 shares during the period. Millennium Management LLC increased its holdings in Houghton Mifflin Harcourt Learning Technology by 477.2% during the fourth quarter. Millennium Management LLC now owns 1,393,732 shares of the business services provider’s stock valued at $12,962,000 after buying an additional 1,152,265 shares during the period. Cramer Rosenthal Mcglynn LLC increased its holdings in Houghton Mifflin Harcourt Learning Technology by 29.1% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,689,675 shares of the business services provider’s stock valued at $32,411,000 after buying an additional 606,345 shares during the period. Finally, Jennison Associates LLC increased its holdings in Houghton Mifflin Harcourt Learning Technology by 15.8% during the fourth quarter. Jennison Associates LLC now owns 2,948,145 shares of the business services provider’s stock valued at $27,418,000 after buying an additional 403,148 shares during the period.

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About Houghton Mifflin Harcourt Learning Technology

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

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