Houghton Mifflin Harcourt Co (HMHC) Given Average Rating of “Hold” by Brokerages

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Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.40.

A number of research analysts have issued reports on HMHC shares. BidaskClub raised Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. TheStreet raised Houghton Mifflin Harcourt from a “d” rating to a “c-” rating in a report on Wednesday, November 28th. ValuEngine raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, BMO Capital Markets raised Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Tuesday, October 9th.

In other Houghton Mifflin Harcourt news, insider John J. Lynch, Jr. bought 112,518 shares of Houghton Mifflin Harcourt stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $8.89 per share, with a total value of $1,000,285.02. Following the purchase, the insider now directly owns 140,362 shares in the company, valued at approximately $1,247,818.18. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John R. Mckernan, Jr. bought 11,200 shares of Houghton Mifflin Harcourt stock in a transaction dated Monday, November 26th. The shares were acquired at an average cost of $9.08 per share, with a total value of $101,696.00. Following the completion of the purchase, the director now owns 30,429 shares in the company, valued at $276,295.32. The disclosure for this purchase can be found here. Corporate insiders own 1.07% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HMHC. First Trust Advisors LP acquired a new position in shares of Houghton Mifflin Harcourt during the 2nd quarter worth approximately $1,591,000. Bank of New York Mellon Corp grew its position in shares of Houghton Mifflin Harcourt by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 447,559 shares of the business services provider’s stock worth $3,424,000 after purchasing an additional 20,678 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Houghton Mifflin Harcourt by 17.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,195,598 shares of the business services provider’s stock worth $9,147,000 after purchasing an additional 179,541 shares in the last quarter. BlackRock Inc. grew its position in shares of Houghton Mifflin Harcourt by 5.5% during the 2nd quarter. BlackRock Inc. now owns 7,001,672 shares of the business services provider’s stock worth $53,562,000 after purchasing an additional 364,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Houghton Mifflin Harcourt by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,112,078 shares of the business services provider’s stock worth $39,109,000 after purchasing an additional 419,162 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:HMHC traded down $0.04 during trading hours on Friday, reaching $10.24. The company had a trading volume of 650,679 shares, compared to its average volume of 828,675. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year high of $10.51. The company has a market capitalization of $1.28 billion, a PE ratio of -8.19 and a beta of 0.66. The company has a current ratio of 1.48, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.12. Houghton Mifflin Harcourt had a negative return on equity of 15.66% and a negative net margin of 4.69%. The company had revenue of $536.30 million during the quarter, compared to the consensus estimate of $507.37 million. During the same period in the previous year, the company posted $0.73 earnings per share. Houghton Mifflin Harcourt’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Houghton Mifflin Harcourt will post -1.01 earnings per share for the current fiscal year.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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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