Insider Selling: Timothy Lon Cannon Sells 8,500 Shares of Houghton Mifflin Harcourt Stock (HMHC)
Houghton Mifflin Harcourt (NASDAQ:HMHC) Insider Timothy Lon Cannon sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $19.04, for a total transaction of $161,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up 1.49% on Tuesday, hitting $19.79. The stock had a trading volume of 329,669 shares. Houghton Mifflin Harcourt has a 1-year low of $1.992 and a 1-year high of $21.00. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $18.56. The company’s market cap is $2.770 billion.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings data on Thursday, May 8th. The company reported ($1.05) earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Houghton Mifflin Harcourt will post $0.05 EPS for the current fiscal year.
Separately, 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Houghton Mifflin Harcourt presently has a consensus rating of “Buy” and a consensus target price of $20.17.
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