Houghton Mifflin Harcourt Company (NASDAQ:HMHC)‘s stock had its “hold” rating reaffirmed by Piper Jaffray Companies in a research report issued to clients and investors on Friday. They currently have a $14.00 target price on the business services provider’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 43.59% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Citigroup Inc. lowered their price objective on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, July 20th. Morgan Stanley lowered their price objective on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Stifel Nicolaus restated a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research report on Thursday, September 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.08.

Houghton Mifflin Harcourt (NASDAQ:HMHC) traded down $0.05 during trading hours on Friday, reaching $9.75. The company’s stock had a trading volume of 1,127,830 shares, compared to its average volume of 939,919. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 1.06.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.51% and a negative net margin of 18.59%. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $528.40 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. Houghton Mifflin Harcourt’s revenue for the quarter was down .2% on a year-over-year basis. equities research analysts expect that Houghton Mifflin Harcourt will post -1.69 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. raised its position in Houghton Mifflin Harcourt by 0.8% during the second quarter. Macquarie Group Ltd. now owns 91,756 shares of the business services provider’s stock valued at $1,129,000 after purchasing an additional 698 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Houghton Mifflin Harcourt by 25.1% during the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after buying an additional 1,729 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Houghton Mifflin Harcourt by 1.1% during 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. grew its stake in shares of Houghton Mifflin Harcourt by 14.2% during 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. Finally, Voya Investment Management LLC grew its stake in shares of Houghton Mifflin Harcourt by 5.9% during the second quarter. Voya Investment Management LLC now owns 57,708 shares of the business services provider’s stock valued at $710,000 after buying an additional 3,191 shares during the last quarter. Institutional investors and hedge funds own 99.80% of the company’s stock.

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.

Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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