Shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) have received a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.75.

HMHC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Houghton Mifflin Harcourt Company from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, May 5th. BMO Capital Markets reissued a “hold” rating on shares of Houghton Mifflin Harcourt Company in a report on Wednesday, April 12th. Finally, BidaskClub cut shares of Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a report on Friday, June 16th.

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

Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Houghton Mifflin Harcourt Company during the first quarter worth $111,000. Independent Portfolio Consultants Inc. acquired a new stake in Houghton Mifflin Harcourt Company during the second quarter worth $125,000. Oppenheimer Asset Management Inc. acquired a new stake in Houghton Mifflin Harcourt Company during the first quarter worth $131,000. Karp Capital Management Corp acquired a new stake in Houghton Mifflin Harcourt Company during the first quarter worth $169,000. Finally, Advisory Services Network LLC acquired a new stake in Houghton Mifflin Harcourt Company during the first quarter worth $184,000.

Houghton Mifflin Harcourt Company (NASDAQ HMHC) traded up 0.209% during mid-day trading on Monday, hitting $11.975. The stock had a trading volume of 540,754 shares. The company has a 50-day moving average of $12.86 and a 200-day moving average of $11.30. The firm’s market cap is $1.48 billion. Houghton Mifflin Harcourt Company has a 12-month low of $9.15 and a 12-month high of $17.69.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) last issued its earnings results on Thursday, May 4th. The business services provider reported ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.07) by $0.11. Houghton Mifflin Harcourt Company had a negative net margin of 17.29% and a negative return on equity of 12.53%. The firm had revenue of $221.92 million for the quarter, compared to analysts’ expectations of $196.90 million. During the same quarter last year, the company posted ($1.34) earnings per share. Houghton Mifflin Harcourt Company’s revenue was up 7.8% on a year-over-year basis. Analysts expect that Houghton Mifflin Harcourt Company will post ($1.39) earnings per share for the current year.

Houghton Mifflin Harcourt Company 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.

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