BidaskClub Lowers Houghton Mifflin Harcourt (NASDAQ:HMHC) to Hold

BidaskClub lowered shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a buy rating to a hold rating in a report released on Friday, BidAskClub reports.

A number of other brokerages also recently commented on HMHC. Zacks Investment Research downgraded shares of Houghton Mifflin Harcourt from a hold rating to a sell rating in a report on Friday, September 6th. Morgan Stanley reduced their target price on shares of Houghton Mifflin Harcourt from $7.00 to $6.50 and set an equal weight rating for the company in a report on Thursday, September 5th. ValuEngine downgraded shares of Houghton Mifflin Harcourt from a hold rating to a sell rating in a report on Wednesday, September 11th. Finally, Citigroup reduced their target price on shares of Houghton Mifflin Harcourt from $10.00 to $8.00 and set a buy rating for the company in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $8.50.

NASDAQ:HMHC opened at $5.34 on Friday. Houghton Mifflin Harcourt has a 1-year low of $4.72 and a 1-year high of $10.64. The company has a 50-day moving average of $5.72 and a 200 day moving average of $6.34. The company has a quick ratio of 0.80, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $388.90 million during the quarter, compared to the consensus estimate of $399.91 million. Houghton Mifflin Harcourt had a negative net margin of 9.46% and a negative return on equity of 16.39%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. As a group, analysts expect that Houghton Mifflin Harcourt will post -1.3 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC bought a new position in Houghton Mifflin Harcourt in the second quarter worth about $2,304,000. Amundi Pioneer Asset Management Inc. raised its holdings in Houghton Mifflin Harcourt by 177.9% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 145,577 shares of the business services provider’s stock worth $839,000 after purchasing an additional 93,196 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Houghton Mifflin Harcourt by 7.5% during the second quarter. United Services Automobile Association now owns 27,019 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 1,889 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Houghton Mifflin Harcourt during the second quarter valued at about $267,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Houghton Mifflin Harcourt during the second quarter valued at about $9,684,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services 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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