Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.10.
A number of analysts have issued reports on the company. Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a research note on Thursday, September 21st. Morgan Stanley cut their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a report on Monday, September 18th.
Institutional investors have recently made changes to their positions in the stock. Concourse Capital Management LLC purchased a new position in Houghton Mifflin Harcourt during the 2nd quarter valued at about $3,306,000. BNP Paribas Arbitrage SA boosted its holdings in Houghton Mifflin Harcourt by 9,643.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 230,909 shares of the business services provider’s stock valued at $2,840,000 after acquiring an additional 228,539 shares during the period. Great Lakes Advisors LLC purchased a new position in Houghton Mifflin Harcourt during the 2nd quarter valued at about $2,983,000. Federated Investors Inc. PA boosted its holdings in Houghton Mifflin Harcourt by 3.8% during the 2nd quarter. Federated Investors Inc. PA now owns 551,580 shares of the business services provider’s stock valued at $6,785,000 after acquiring an additional 20,440 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in Houghton Mifflin Harcourt by 27.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,705,185 shares of the business services provider’s stock valued at $20,974,000 after acquiring an additional 370,054 shares during the period.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $528.40 million. During the same period last year, the company earned $0.73 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. sell-side analysts forecast that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current year.
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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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