Houghton Mifflin Harcourt Company (NASDAQ:HMHC) had its target price dropped by research analysts at Citigroup Inc from $16.00 to $15.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup Inc’s target price indicates a potential upside of 53.85% from the company’s current price.

Several other research firms have also issued reports on HMHC. BidaskClub lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. 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 note on Thursday, July 20th. Piper Jaffray Companies restated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. Stifel Nicolaus restated a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, September 21st. Finally, BMO Capital Markets restated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price 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 1,010,000. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 1.19. Houghton Mifflin Harcourt has a 12-month low of $9.20 and a 12-month high of $13.95.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of 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 worth $1,129,000 after purchasing an additional 698 shares during the period. Public Employees Retirement System of Ohio increased 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 worth $106,000 after purchasing an additional 1,729 shares during the period. Alliancebernstein L.P. increased 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 worth $2,109,000 after purchasing an additional 2,197 shares during the period. KCG Holdings Inc. increased 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 worth $213,000 after purchasing an additional 2,617 shares during the period. Finally, Voya Investment Management LLC increased 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 worth $710,000 after purchasing an additional 3,191 shares during the period. Institutional investors own 99.80% of the company’s stock.

About Houghton Mifflin Harcourt

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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