Shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) have earned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.75.

A number of brokerages have weighed in on HMHC. BMO Capital Markets upped their price target on Houghton Mifflin Harcourt Company from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded Houghton Mifflin Harcourt Company from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, May 5th.

In related news, Director Lawrence K. Fish purchased 67,364 shares of the stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $875,058.36. Following the completion of the transaction, the director now directly owns 78,159 shares of the company’s stock, valued at approximately $1,015,285.41. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence K. Fish purchased 42,364 shares of the stock in a transaction on Monday, May 8th. The stock was bought at an average price of $13.02 per share, for a total transaction of $551,579.28. Following the completion of the transaction, the director now directly owns 78,159 shares of the company’s stock, valued at $1,017,630.18. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Houghton Mifflin Harcourt Company by 1.7% in the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock valued at $443,000 after buying an additional 711 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Houghton Mifflin Harcourt Company by 1.1% in the first quarter. Alliancebernstein L.P. now owns 207,800 shares of the business services provider’s stock valued at $2,109,000 after buying an additional 2,197 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Houghton Mifflin Harcourt Company by 14.2% in the first quarter. KCG Holdings Inc. now owns 20,998 shares of the business services provider’s stock valued at $213,000 after buying an additional 2,617 shares during the last quarter. American International Group Inc. boosted its stake in shares of Houghton Mifflin Harcourt Company by 7.1% in the first quarter. American International Group Inc. now owns 76,397 shares of the business services provider’s stock valued at $775,000 after buying an additional 5,051 shares during the last quarter. Finally, Lapides Asset Management LLC boosted its stake in shares of Houghton Mifflin Harcourt Company by 0.4% in the first quarter. Lapides Asset Management LLC now owns 1,846,800 shares of the business services provider’s stock valued at $18,745,000 after buying an additional 7,000 shares during the last quarter.

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Houghton Mifflin Harcourt Company (NASDAQ:HMHC) traded down 0.73% during midday trading on Tuesday, reaching $13.60. The company’s stock had a trading volume of 613,923 shares. Houghton Mifflin Harcourt Company has a 1-year low of $9.15 and a 1-year high of $17.69. The firm’s market capitalization is $1.68 billion. The firm has a 50 day moving average price of $12.52 and a 200 day moving average price of $11.11.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.96) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.11. Houghton Mifflin Harcourt Company had a negative return on equity of 12.53% and a negative net margin of 17.29%. The firm had revenue of $221.92 million for the quarter, compared to analysts’ expectations of $196.90 million. During the same period in the prior year, the business posted ($1.34) earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Houghton Mifflin Harcourt Company will post ($1.39) EPS for the current year.

About Houghton Mifflin Harcourt Company

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.

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