Houghton Mifflin Harcourt (NASDAQ:HMHC) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

A number of other brokerages have also commented on HMHC. Citigroup dropped their price objective on shares of Houghton Mifflin Harcourt from $10.00 to $8.00 and set a buy rating on the stock in a report on Tuesday, July 16th. BidaskClub upgraded shares of Houghton Mifflin Harcourt from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, Zacks Investment Research downgraded shares of Houghton Mifflin Harcourt from a hold rating to a sell rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $9.30.

HMHC traded down $0.18 during mid-day trading on Thursday, hitting $5.74. The stock had a trading volume of 557,514 shares, compared to its average volume of 473,393. The business’s fifty day simple moving average is $5.52. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.20 and a quick ratio of 0.63. The firm has a market cap of $712.39 million, a price-to-earnings ratio of -5.42 and a beta of 0.92. Houghton Mifflin Harcourt has a 1-year low of $5.07 and a 1-year high of $10.64.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.22). Houghton Mifflin Harcourt had a negative return on equity of 18.93% and a negative net margin of 8.25%. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $201.61 million. During the same quarter in the previous year, the business earned ($0.82) earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. As a group, analysts forecast that Houghton Mifflin Harcourt will post -0.84 earnings per share for the current year.

In other Houghton Mifflin Harcourt news, Director Lawrence K. Fish bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $6.47 per share, with a total value of $129,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.69% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Group LLC grew its position in shares of 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 valued at $32,000 after acquiring an additional 2,100 shares during the period. Aperio Group LLC bought a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter valued at about $41,000. Envestnet Asset Management Inc. bought a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter valued at about $63,000. Signition LP bought a new position in shares of Houghton Mifflin Harcourt in the 1st quarter valued at about $84,000. Finally, Menta Capital LLC bought a new position in shares of Houghton Mifflin Harcourt in the 1st quarter valued at about $94,000. 94.87% of the stock is owned by institutional investors.

About Houghton Mifflin Harcourt

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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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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