Houghton Mifflin Harcourt Company (HMHC) Stock Rating Reaffirmed by BMO Capital Markets
Houghton Mifflin Harcourt Company (NASDAQ:HMHC)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a research report issued on Monday. They currently have a $13.00 price target on the business services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 17.12% from the stock’s current price.
HMHC has been the topic of a number of other reports. BidaskClub lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, July 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $12.50 price target on shares of Houghton Mifflin Harcourt in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.38.
Shares of Houghton Mifflin Harcourt (NASDAQ HMHC) opened at 11.10 on Monday. Houghton Mifflin Harcourt has a 1-year low of $9.15 and a 1-year high of $15.32. The stock’s 50 day moving average price is $10.83 and its 200-day moving average price is $11.44. The stock’s market capitalization is $1.37 billion.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The firm had revenue of $393.05 million during the quarter, compared to analysts’ expectations of $387.68 million. During the same period in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Houghton Mifflin Harcourt will post ($1.59) EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of HMHC. Bank of New York Mellon Corp lifted its holdings in shares of Houghton Mifflin Harcourt by 760.5% in the second quarter. Bank of New York Mellon Corp now owns 4,174,326 shares of the business services provider’s stock valued at $51,344,000 after purchasing an additional 3,689,216 shares in the last quarter. FMR LLC lifted its holdings in shares of Houghton Mifflin Harcourt by 13.7% in the first quarter. FMR LLC now owns 15,500,512 shares of the business services provider’s stock valued at $157,330,000 after purchasing an additional 1,869,780 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Houghton Mifflin Harcourt by 4,682.3% in the second quarter. Jennison Associates LLC now owns 1,896,412 shares of the business services provider’s stock valued at $23,326,000 after purchasing an additional 1,856,757 shares in the last quarter. Rivulet Capital LLC lifted its holdings in shares of Houghton Mifflin Harcourt by 34.8% in the second quarter. Rivulet Capital LLC now owns 4,252,257 shares of the business services provider’s stock valued at $52,303,000 after purchasing an additional 1,096,900 shares in the last quarter. Finally, GMT Capital Corp bought a new stake in shares of Houghton Mifflin Harcourt in the second quarter valued at about $11,142,000. Institutional investors own 99.91% of the company’s stock.
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. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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