Houghton Mifflin Harcourt Insider Sells $166,680 in Stock (HMHC)
Houghton Mifflin Harcourt (NASDAQ:HMHC) Insider Gary Lee Gentel sold 9,000 shares of Houghton Mifflin Harcourt stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $18.52, for a total transaction of $166,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up 3.77% on Tuesday, hitting $18.72. The stock had a trading volume of 3,891,785 shares. Houghton Mifflin Harcourt has a one year low of $1.992 and a one year high of $21.00. The stock’s 50-day moving average is $19. and its 200-day moving average is $18.48. The company’s market cap is $2.621 billion.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by $0.19. The company had revenue of $153.93 million for the quarter, compared to the consensus estimate of $171.67 million. On average, analysts predict that Houghton Mifflin Harcourt will post $0.05 earnings per share for the current fiscal year.
A number of research firms have recently commented on HMHC. Analysts at BMO Capital Markets cut their price target on shares of Houghton Mifflin Harcourt from $23.00 to $22.00 in a research note on Friday, May 9th. Separately, analysts at Stifel Nicolaus downgraded shares of Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. They now have a $21.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Goldman Sachs downgraded shares of Houghton Mifflin Harcourt from a “buy” rating to a “neutral” rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Houghton Mifflin Harcourt presently has a consensus rating of “Buy” and an average price target of $20.17.
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