McGraw Hill (NYSE:MH) Shares Down 3.8% – Here’s Why

McGraw Hill, Inc. (NYSE:MH) dropped 3.8% during trading on Wednesday . The company traded as low as $17.30 and last traded at $17.30. Approximately 230,992 shares changed hands during trading, a decline of 72% from the average daily volume of 815,535 shares. The stock had previously closed at $17.99.

Analyst Upgrades and Downgrades

MH has been the subject of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $19.00 price target on shares of McGraw Hill in a report on Thursday, November 13th. Needham & Company LLC initiated coverage on McGraw Hill in a report on Monday, August 18th. They issued a “buy” rating and a $19.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of McGraw Hill in a report on Monday, August 18th. They set an “overweight” rating and a $21.00 price objective on the stock. Rothschild & Co Redburn started coverage on shares of McGraw Hill in a research report on Monday, August 18th. They set a “buy” rating and a $28.60 target price on the stock. Finally, Morgan Stanley began coverage on shares of McGraw Hill in a research report on Monday, August 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.72.

McGraw Hill Stock Performance

The company’s fifty day moving average is $13.25.

McGraw Hill (NYSE:MH) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $1.05. The business had revenue of $669.19 million for the quarter, compared to analyst estimates of $638.76 million. The company’s quarterly revenue was down 2.8% on a year-over-year basis. McGraw Hill has set its FY 2026 guidance at EPS.

Insiders Place Their Bets

In other McGraw Hill news, Director Steven Reinemund acquired 15,710 shares of the company’s stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of $15.03 per share, with a total value of $236,121.30. Following the completion of the acquisition, the director directly owned 15,710 shares in the company, valued at $236,121.30. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On McGraw Hill

A number of institutional investors and hedge funds have recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new stake in shares of McGraw Hill in the third quarter worth $3,443,000. Strs Ohio purchased a new stake in shares of McGraw Hill in the 3rd quarter valued at about $54,000. Teacher Retirement System of Texas bought a new stake in shares of McGraw Hill during the 3rd quarter valued at about $7,530,000. State of Wyoming purchased a new position in shares of McGraw Hill during the third quarter worth about $202,000. Finally, Rhumbline Advisers purchased a new position in shares of McGraw Hill during the third quarter worth about $279,000.

About McGraw Hill

At McGraw Hill, our purpose is to unlock the potential of each learner at every stage of life. Our mission is to support educators, learners and professionals around the world with trusted, high-quality content and digital solutions that use data and learning science to adapt to each student as they progress towards their goals.