Houghton Mifflin Harcourt Co. (NASDAQ:HMHC)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.32, with a volume of 222,030 shares trading hands. The stock had previously closed at $14.67.

Several equities research analysts have issued reports on HMHC shares. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. upgraded shares of Houghton Mifflin Harcourt from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, August 1st. Credit Suisse Group AG reiterated a “buy” rating on shares of Houghton Mifflin Harcourt in a research report on Monday, August 8th. Citigroup Inc. dropped their target price on shares of Houghton Mifflin Harcourt from $29.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, August 17th. Finally, TheStreet lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.50.

The firm’s market capitalization is $1.75 billion. The firm has a 50 day moving average price of $15.33 and a 200 day moving average price of $17.42.

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Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.21. Houghton Mifflin Harcourt had a negative return on equity of 9.44% and a negative net margin of 10.86%. The business earned $392 million during the quarter, compared to the consensus estimate of $431.29 million. During the same quarter last year, the company earned ($0.06) EPS. Houghton Mifflin Harcourt’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts predict that Houghton Mifflin Harcourt Co. will post ($1.21) earnings per share for the current year.

Several institutional investors have recently modified their holdings of HMHC. Macquarie Group Ltd. purchased a new stake in Houghton Mifflin Harcourt during the second quarter valued at about $1,830,000. Royal Bank of Canada raised its stake in Houghton Mifflin Harcourt by 456.2% in the second quarter. Royal Bank of Canada now owns 32,683 shares of the company’s stock valued at $510,000 after buying an additional 26,807 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Houghton Mifflin Harcourt during the second quarter valued at about $660,000. Cubist Systematic Strategies LLC raised its stake in Houghton Mifflin Harcourt by 249.9% in the second quarter. Cubist Systematic Strategies LLC now owns 135,556 shares of the company’s stock valued at $2,119,000 after buying an additional 96,812 shares in the last quarter. Finally, Diker Management LLC raised its stake in Houghton Mifflin Harcourt by 91.3% in the second quarter. Diker Management LLC now owns 267,744 shares of the company’s stock valued at $4,185,000 after buying an additional 127,800 shares in the last quarter.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.

5 Day Chart for NASDAQ:HMHC

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