Shares of Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $23.20.

HMHC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Goldman Sachs Group Inc. raised shares of Houghton Mifflin Harcourt from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $23.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Friday, September 23rd. Citigroup Inc. dropped their price objective on shares of Houghton Mifflin Harcourt from $29.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, August 17th. Finally, TheStreet lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.

Several hedge funds have recently added to or reduced their stakes in the company. Strs Ohio increased its stake in Houghton Mifflin Harcourt by 5.3% in the second quarter. Strs Ohio now owns 13,900 shares of the company’s stock valued at $217,000 after buying an additional 700 shares during the period. Nordea Investment Management AB acquired a new stake in Houghton Mifflin Harcourt during the second quarter valued at $1,219,000. Eagle Asset Management Inc. increased its stake in Houghton Mifflin Harcourt by 9.7% in the second quarter. Eagle Asset Management Inc. now owns 1,238,700 shares of the company’s stock valued at $19,360,000 after buying an additional 109,909 shares during the period. Fox Run Management L.L.C. acquired a new stake in Houghton Mifflin Harcourt during the second quarter valued at $519,000. Finally, Trellus Management Company LLC increased its stake in Houghton Mifflin Harcourt by 237.1% in the second quarter. Trellus Management Company LLC now owns 70,000 shares of the company’s stock valued at $1,094,000 after buying an additional 49,236 shares during the period.

Houghton Mifflin Harcourt (NASDAQ:HMHC) traded down 0.08% during midday trading on Friday, reaching $13.20. 222,884 shares of the company were exchanged. Houghton Mifflin Harcourt has a 52 week low of $12.80 and a 52 week high of $22.01. The company has a 50-day moving average of $14.43 and a 200 day moving average of $16.73. The firm’s market capitalization is $1.61 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, August 4th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.21. Houghton Mifflin Harcourt had a negative net margin of 10.86% and a negative return on equity of 9.44%. The business earned $392 million during the quarter, compared to analysts’ expectations of $431.29 million. During the same period last year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Houghton Mifflin Harcourt will post ($1.28) earnings per share for the current year.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.

5 Day Chart for NASDAQ:HMHC

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