Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.
A number of other equities analysts also recently commented on the stock. Morgan Stanley reduced their price objective on shares of Houghton Mifflin Harcourt from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, May 4th. Stifel Nicolaus cut their price target on shares of Houghton Mifflin Harcourt from $9.50 to $8.00 and set a “hold” rating for the company in a report on Friday, May 4th. Finally, Wells Fargo & Co lifted their price target on shares of Houghton Mifflin Harcourt from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, June 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.13.
Get Houghton Mifflin Harcourt alerts:Shares of Houghton Mifflin Harcourt traded down $0.50, reaching $5.85, during midday trading on Tuesday, MarketBeat.com reports. 27,109 shares of the company’s stock were exchanged, compared to its average volume of 592,220. The company has a market capitalization of $783.57 million, a price-to-earnings ratio of -5.08 and a beta of 0.47. Houghton Mifflin Harcourt has a 12 month low of $6.15 and a 12 month high of $12.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 1.09.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.14). The business had revenue of $375.58 million for the quarter, compared to the consensus estimate of $386.20 million. Houghton Mifflin Harcourt had a negative return on equity of 15.47% and a negative net margin of 5.98%. Houghton Mifflin Harcourt’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) earnings per share. sell-side analysts forecast that Houghton Mifflin Harcourt will post -0.88 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP lifted its holdings in Houghton Mifflin Harcourt by 10.8% during the 1st quarter. Engineers Gate Manager LP now owns 77,359 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 7,551 shares during the last quarter. Atria Investments LLC raised its stake in shares of Houghton Mifflin Harcourt by 75.3% in the first quarter. Atria Investments LLC now owns 20,758 shares of the business services provider’s stock worth $144,000 after acquiring an additional 8,916 shares during the last quarter. Vivaldi Capital Management LLC raised its stake in shares of Houghton Mifflin Harcourt by 71.0% in the first quarter. Vivaldi Capital Management LLC now owns 21,586 shares of the business services provider’s stock worth $150,000 after acquiring an additional 8,962 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Houghton Mifflin Harcourt in the fourth quarter worth about $104,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Houghton Mifflin Harcourt by 60.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 33,514 shares of the business services provider’s stock worth $233,000 after acquiring an additional 12,640 shares during the last quarter. 98.67% of the stock is owned by hedge funds and other institutional investors.
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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