Houghton Mifflin Harcourt (HMHC) Rating Increased to Hold at ValuEngine
Houghton Mifflin Harcourt (NASDAQ:HMHC) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.
HMHC has been the subject of a number of other research reports. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub downgraded Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price (down previously from $8.00) on shares of Houghton Mifflin Harcourt in a research report on Friday, August 3rd. Morgan Stanley decreased their price target on Houghton Mifflin Harcourt from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 3rd. Finally, Wells Fargo & Co set a $13.00 price target on Houghton Mifflin Harcourt and gave the stock a “buy” rating in a research note on Sunday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.42.
NASDAQ:HMHC opened at $8.33 on Thursday. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year high of $10.05. The company has a quick ratio of 0.66, a current ratio of 1.05 and a debt-to-equity ratio of 1.03.
Institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new position in Houghton Mifflin Harcourt in the 2nd quarter worth approximately $113,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Houghton Mifflin Harcourt in the 2nd quarter worth approximately $116,000. Bank of Montreal Can purchased a new position in Houghton Mifflin Harcourt in the 2nd quarter worth approximately $145,000. Campbell & CO Investment Adviser LLC purchased a new position in Houghton Mifflin Harcourt in the 2nd quarter worth approximately $216,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Houghton Mifflin Harcourt in the 3rd quarter worth approximately $197,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.
About Houghton Mifflin Harcourt
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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