Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) have received an average recommendation of “Buy” from the eight ratings firms that are covering the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.80.

HMHC has been the topic of a number of recent research reports. Citigroup Inc reaffirmed a “focus list” rating on shares of Houghton Mifflin Harcourt in a research note on Tuesday, January 31st. Zacks Investment Research cut shares of Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, BMO Capital Markets raised their price objective on shares of Houghton Mifflin Harcourt from $10.00 to $13.00 and gave the company a “market perform” rating in a research note on Monday.

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Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up 1.22% during midday trading on Friday, hitting $12.40. The stock had a trading volume of 471,301 shares. The stock’s market cap is $1.53 billion. Houghton Mifflin Harcourt has a 52 week low of $9.15 and a 52 week high of $17.81. The stock has a 50-day moving average of $11.51 and a 200 day moving average of $10.91.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported ($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.11. Houghton Mifflin Harcourt had a negative net margin of 14.05% and a negative return on equity of 16.48%. The firm had revenue of $221.92 million for the quarter, compared to analysts’ expectations of $196.90 million. During the same period last year, the firm earned ($1.34) earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Houghton Mifflin Harcourt will post ($1.39) EPS for the current fiscal year.

In other news, Director Lawrence K. Fish purchased 67,364 shares of Houghton Mifflin Harcourt stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $12.99 per share, with a total value of $875,058.36. Following the completion of the transaction, the director now directly owns 78,159 shares in the company, valued at approximately $1,015,285.41. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence K. Fish purchased 42,364 shares of Houghton Mifflin Harcourt stock in a transaction dated Monday, May 8th. The shares were purchased at an average cost of $13.02 per share, for a total transaction of $551,579.28. Following the completion of the transaction, the director now owns 78,159 shares of the company’s stock, valued at $1,017,630.18. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Houghton Mifflin Harcourt by 1.7% in the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock worth $443,000 after buying an additional 711 shares in the last quarter. BlackRock Inc. boosted its position in shares of Houghton Mifflin Harcourt by 1.6% in the third quarter. BlackRock Inc. now owns 78,451 shares of the business services provider’s stock worth $1,052,000 after buying an additional 1,218 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Houghton Mifflin Harcourt by 0.8% in the third quarter. California State Teachers Retirement System now owns 262,556 shares of the business services provider’s stock worth $3,521,000 after buying an additional 2,000 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Houghton Mifflin Harcourt by 1.1% in the first quarter. Alliancebernstein L.P. now owns 207,800 shares of the business services provider’s stock worth $2,109,000 after buying an additional 2,197 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in shares of Houghton Mifflin Harcourt by 14.2% in the first quarter. KCG Holdings Inc. now owns 20,998 shares of the business services provider’s stock worth $213,000 after buying an additional 2,617 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. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.

5 Day Chart for NASDAQ:HMHC

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