Houghton Mifflin Harcourt Company (NASDAQ:HMHC)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $12.50 target price on the business services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 13.12% from the company’s previous close.

HMHC has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets restated a “hold” rating and issued a $13.00 price target on shares of Houghton Mifflin Harcourt in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.38.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.03. The business had revenue of $393.05 million during the quarter, compared to analysts’ expectations of $387.68 million. Houghton Mifflin Harcourt had a negative net margin of 18.60% and a negative return on equity of 16.14%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.23) EPS.

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Large investors have recently bought and sold shares of the company. Vista Equity Partners Management LLC bought a new stake in shares of Houghton Mifflin Harcourt in the 1st quarter valued at $9,268,000. FMR LLC boosted its stake in shares of Houghton Mifflin Harcourt by 2.1% in the 4th quarter. FMR LLC now owns 13,630,732 shares of the business services provider’s stock valued at $147,893,000 after purchasing an additional 283,697 shares during the last quarter. Norges Bank bought a new stake in shares of Houghton Mifflin Harcourt in the 4th quarter valued at $13,930,000. Peregrine Capital Management LLC bought a new stake in shares of Houghton Mifflin Harcourt in the 3rd quarter valued at $17,998,000. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Houghton Mifflin Harcourt by 13.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,443,769 shares of the business services provider’s stock valued at $31,445,000 after purchasing an additional 172,419 shares during the last quarter. 99.91% of the stock is currently owned by institutional investors.

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.

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