ValuEngine upgraded shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) from a strong sell rating to a sell rating in a research note published on Saturday morning.

Several other brokerages have also recently issued reports on HMHC. Stifel Nicolaus reiterated a hold rating and set a $12.50 price target on shares of Houghton Mifflin Harcourt in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub cut shares of Houghton Mifflin Harcourt from a hold rating to a sell rating in a research report on Wednesday, July 12th. BMO Capital Markets reiterated a hold rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a research report on Friday, August 4th. Finally, Morgan Stanley reduced their price target on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an equal weight rating on the stock in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $13.08.

Houghton Mifflin Harcourt (HMHC) opened at $9.60 on Friday. Houghton Mifflin Harcourt has a 52-week low of $9.25 and a 52-week high of $13.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.10 and a current ratio of 1.38.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative net margin of 18.59% and a negative return on equity of 17.37%. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $528.40 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. research analysts forecast that Houghton Mifflin Harcourt will post -1.69 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Independent Portfolio Consultants Inc. bought a new stake in Houghton Mifflin Harcourt during the second quarter worth about $125,000. Renaissance Technologies LLC boosted its stake in Houghton Mifflin Harcourt by 74.6% during the first quarter. Renaissance Technologies LLC now owns 1,050,800 shares of the business services provider’s stock worth $10,666,000 after acquiring an additional 448,900 shares in the last quarter. Concourse Capital Management LLC bought a new stake in Houghton Mifflin Harcourt during the second quarter worth about $3,306,000. BNP Paribas Arbitrage SA boosted its stake in Houghton Mifflin Harcourt by 9,643.0% during the second quarter. BNP Paribas Arbitrage SA now owns 230,909 shares of the business services provider’s stock worth $2,840,000 after acquiring an additional 228,539 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Houghton Mifflin Harcourt during the second quarter worth about $2,983,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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