The Houghton Mifflin Harcourt Company (HMHC) Rating Lowered to Sell at Zacks Investment Research

The Houghton Mifflin Harcourt Company (HMHC) Rating Lowered to Sell at Zacks Investment Research

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Houghton Mifflin Harcourt Company is a global provider of education solutions, delivering content, technology, services and media to students in over 150 countries worldwide. The Company delivers its offerings to both educational institutions and consumers. It provides kindergarten through twelfth grade, or K-12, educational content in the United States. The Company, through its subsidiary, provides print and electronic textbook curriculum, learning content, and assessment tools and services. Houghton Mifflin Harcourt Company is headquartered in Boston, Massachusetts. “

HMHC has been the subject of a number of other research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price target on shares of Houghton Mifflin Harcourt in a research report on Friday, August 4th. BidaskClub cut Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.50 price target on shares of Houghton Mifflin Harcourt in a research report on Thursday, September 21st. Morgan Stanley reduced their price target on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price target on shares of Houghton Mifflin Harcourt in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.50.

Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up 1.00% during midday trading on Wednesday, hitting $10.15. The stock had a trading volume of 581,599 shares. The stock’s market cap is $1.25 billion. Houghton Mifflin Harcourt has a 12-month low of $9.15 and a 12-month high of $13.95. The company’s 50-day moving average price is $11.21 and its 200 day moving average price is $11.72.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The company had revenue of $393.05 million during the quarter, compared to analysts’ expectations of $387.68 million. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that Houghton Mifflin Harcourt will post ($1.63) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. lifted its position in shares of Houghton Mifflin Harcourt by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 91,756 shares of the business services provider’s stock worth $1,129,000 after purchasing an additional 698 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Houghton Mifflin Harcourt by 25.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,729 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Houghton Mifflin Harcourt by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 207,800 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 2,197 shares during the last quarter. KCG Holdings Inc. lifted its position in shares of Houghton Mifflin Harcourt by 14.2% during the 1st quarter. KCG Holdings Inc. now owns 20,998 shares of the business services provider’s stock worth $213,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Houghton Mifflin Harcourt by 5.9% during the 2nd quarter. Voya Investment Management LLC now owns 57,708 shares of the business services provider’s stock worth $710,000 after purchasing an additional 3,191 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Houghton Mifflin Harcourt Company Profile

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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