Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Given Average Rating of “Hold” by Analysts

Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.50.

Several analysts have issued reports on HMHC shares. Morgan Stanley cut their price target on shares of Houghton Mifflin Harcourt from $7.00 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Citigroup cut their price target on shares of Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. ValuEngine lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Zacks Investment Research lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, BidaskClub upgraded shares of Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

NASDAQ HMHC traded down $0.07 during trading on Thursday, hitting $5.50. 20,831 shares of the company’s stock traded hands, compared to its average volume of 431,716. The stock has a fifty day moving average of $5.74 and a two-hundred day moving average of $6.37. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 0.80. Houghton Mifflin Harcourt has a 12-month low of $4.72 and a 12-month high of $10.64. The firm has a market cap of $744.66 million, a P/E ratio of -5.19 and a beta of 0.87.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Houghton Mifflin Harcourt had a negative net margin of 9.46% and a negative return on equity of 16.39%. The business had revenue of $388.90 million during the quarter, compared to analyst estimates of $399.91 million. During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that Houghton Mifflin Harcourt will post -1.3 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. United Services Automobile Association raised its stake in shares of Houghton Mifflin Harcourt by 7.5% during the second quarter. United Services Automobile Association now owns 27,019 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 1,889 shares during the last quarter. Swiss National Bank raised its stake in shares of Houghton Mifflin Harcourt by 2.2% during the second quarter. Swiss National Bank now owns 195,600 shares of the business services provider’s stock valued at $1,127,000 after acquiring an additional 4,200 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Houghton Mifflin Harcourt by 40.5% during the second quarter. Acadian Asset Management LLC now owns 18,033 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 5,201 shares during the last quarter. Aperio Group LLC bought a new position in shares of Houghton Mifflin Harcourt during the second quarter valued at about $41,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Houghton Mifflin Harcourt during the second quarter valued at about $63,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services 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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