BidaskClub downgraded shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a sell rating to a strong sell rating in a research report report published on Friday morning.

A number of other brokerages have also weighed in on HMHC. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a sell rating to a hold rating in a report on Monday, November 6th. Piper Jaffray Companies restated a hold rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Stifel Nicolaus restated a hold rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. Morgan Stanley decreased their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an equal weight rating for the company in a report on Monday, October 23rd. Finally, Citigroup decreased their price objective on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a buy rating for the company in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $13.08.

Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up $0.05 during mid-day trading on Friday, hitting $8.60. 640,700 shares of the stock traded hands, compared to its average volume of 647,477. Houghton Mifflin Harcourt has a 1 year low of $8.05 and a 1 year high of $13.95. The stock has a market capitalization of $1,060.66, a price-to-earnings ratio of -4.08 and a beta of 0.59. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.94.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $532.00 million during the quarter, compared to analyst estimates of $528.40 million. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. analysts forecast that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. GMT Capital Corp raised its stake in Houghton Mifflin Harcourt by 47.3% during the 3rd quarter. GMT Capital Corp now owns 1,373,600 shares of the business services provider’s stock valued at $16,552,000 after buying an additional 441,200 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Houghton Mifflin Harcourt by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,030,954 shares of the business services provider’s stock valued at $12,372,000 after acquiring an additional 319,315 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Houghton Mifflin Harcourt by 27.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,705,185 shares of the business services provider’s stock valued at $20,974,000 after acquiring an additional 370,054 shares during the period. Wells Fargo & Company MN grew its position in shares of Houghton Mifflin Harcourt by 6.9% during the 3rd quarter. Wells Fargo & Company MN now owns 2,684,278 shares of the business services provider’s stock valued at $32,345,000 after acquiring an additional 173,581 shares during the period. Finally, Peregrine Capital Management LLC grew its position in shares of Houghton Mifflin Harcourt by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,210,952 shares of the business services provider’s stock valued at $14,592,000 after acquiring an additional 41,141 shares during the period.

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About Houghton Mifflin Harcourt

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.

Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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