ValuEngine Upgrades Houghton Mifflin Harcourt Company (HMHC) to Sell
Houghton Mifflin Harcourt Company (NASDAQ:HMHC) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.
Several other research analysts have also weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $14.00 target price on shares of Houghton Mifflin Harcourt in a research report on Friday. Citigroup Inc cut their target price 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 lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley cut their target price 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. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.08.
Shares of Houghton Mifflin Harcourt (HMHC) traded down $0.05 on Friday, hitting $9.75. The company 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 twelve month low of $9.20 and a twelve month high of $13.95.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.19. The business 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 quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. equities research analysts expect that Houghton Mifflin Harcourt will post -1.69 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in HMHC. Bank of New York Mellon Corp raised its position in Houghton Mifflin Harcourt by 760.5% in the second quarter. Bank of New York Mellon Corp now owns 4,174,326 shares of the business services provider’s stock valued at $51,344,000 after purchasing an additional 3,689,216 shares during the period. Jennison Associates LLC raised its position in Houghton Mifflin Harcourt by 4,682.3% in the second quarter. Jennison Associates LLC now owns 1,896,412 shares of the business services provider’s stock valued at $23,326,000 after purchasing an additional 1,856,757 shares during the period. Rivulet Capital LLC raised its position in Houghton Mifflin Harcourt by 34.8% in the second quarter. Rivulet Capital LLC now owns 4,252,257 shares of the business services provider’s stock valued at $52,303,000 after purchasing an additional 1,096,900 shares during the period. GMT Capital Corp purchased a new position in Houghton Mifflin Harcourt in the second quarter valued at about $11,142,000. Finally, Cloverdale Capital Management LLC purchased a new position in Houghton Mifflin Harcourt in the second quarter valued at about $11,311,000. 99.80% 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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