Houghton Mifflin Harcourt (NASDAQ:HMHC) Stock Rating Upgraded by BidaskClub

Houghton Mifflin Harcourt (NASDAQ:HMHC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday, April 11th, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. TheStreet cut shares of Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research note on Friday, March 22nd. BMO Capital Markets lowered their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Finally, Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Houghton Mifflin Harcourt presently has an average rating of “Hold” and a consensus price target of $9.63.

Shares of HMHC stock traded up $0.33 during mid-day trading on Thursday, reaching $8.10. 931,969 shares of the company’s stock traded hands, compared to its average volume of 523,971. Houghton Mifflin Harcourt has a 12 month low of $5.10 and a 12 month high of $10.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.45 and a quick ratio of 1.07. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -7.64 and a beta of 0.79.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, February 28th. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.03). Houghton Mifflin Harcourt had a negative net margin of 6.92% and a negative return on equity of 15.82%. The business had revenue of $249.04 million for the quarter, compared to the consensus estimate of $234.53 million. Equities research analysts expect that Houghton Mifflin Harcourt will post -0.57 EPS for the current year.

In related news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of Houghton Mifflin Harcourt stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $7.75, for a total transaction of $4,822,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.69% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HMHC. Private Capital Group LLC lifted its stake in Houghton Mifflin Harcourt by 91.3% in the 1st quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock worth $32,000 after purchasing an additional 2,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Houghton Mifflin Harcourt by 70.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock worth $71,000 after purchasing an additional 3,317 shares in the last quarter. Signition LP purchased a new stake in Houghton Mifflin Harcourt in the 1st quarter worth $84,000. Menta Capital LLC purchased a new stake in Houghton Mifflin Harcourt in the 1st quarter worth $94,000. Finally, PEAK6 Investments LLC purchased a new stake in Houghton Mifflin Harcourt in the 4th quarter worth $109,000. Institutional investors and hedge funds own 94.55% of the company’s stock.

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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