Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $2.00.
HMHC has been the subject of a number of recent analyst reports. Goldman Sachs Group raised Houghton Mifflin Harcourt from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 10th. Citigroup lowered Houghton Mifflin Harcourt from a “buy” rating to a “sell” rating and lowered their price target for the company from $7.50 to $1.00 in a research report on Friday, April 3rd. Zacks Investment Research lowered Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Finally, Morgan Stanley lowered their price target on Houghton Mifflin Harcourt from $6.50 to $2.00 and set an “equal weight” rating for the company in a research report on Friday, April 17th.
Large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new position in shares of Houghton Mifflin Harcourt in the 4th quarter worth approximately $56,000. Royce & Associates LP bought a new position in shares of Houghton Mifflin Harcourt in the 4th quarter worth approximately $57,000. Prudential Financial Inc. bought a new position in shares of Houghton Mifflin Harcourt in the 4th quarter worth approximately $66,000. Bank of Montreal Can raised its position in shares of Houghton Mifflin Harcourt by 44.6% in the 4th quarter. Bank of Montreal Can now owns 13,259 shares of the business services provider’s stock worth $83,000 after acquiring an additional 4,090 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Houghton Mifflin Harcourt by 19.0% in the 4th quarter. ProShare Advisors LLC now owns 14,156 shares of the business services provider’s stock worth $88,000 after acquiring an additional 2,261 shares in the last quarter. 96.36% of the stock is owned by hedge funds and other institutional investors.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, May 7th. The business services provider reported ($0.67) earnings per share for the quarter, beating the consensus estimate of ($0.80) by $0.13. The company had revenue of $189.93 million during the quarter, compared to analysts’ expectations of $180.78 million. Houghton Mifflin Harcourt had a negative return on equity of 26.13% and a negative net margin of 31.92%. As a group, sell-side analysts anticipate that Houghton Mifflin Harcourt will post -1.19 earnings per share for the current year.
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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