BidaskClub Lowers Houghton Mifflin Harcourt (HMHC) to Strong Sell

Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Several other research analysts have also recently weighed in on HMHC. Citigroup 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, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $14.00 price objective on shares of Houghton Mifflin Harcourt in a research report on Friday, November 3rd. Zacks Investment Research cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $13.08.

Houghton Mifflin Harcourt (NASDAQ HMHC) traded up $0.05 on Friday, reaching $8.60. The company had a trading volume of 640,755 shares, compared to its average volume of 582,840. Houghton Mifflin Harcourt has a twelve month low of $8.05 and a twelve month high of $13.95. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.94. The company has a market cap of $1,060.66, a PE ratio of -4.08 and a beta of 0.59.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $528.40 million. During the same quarter in the prior year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. analysts predict that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Houghton Mifflin Harcourt by 25.1% during the 2nd 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 in the last quarter. Atria Investments LLC acquired a new stake in shares of Houghton Mifflin Harcourt during the 4th quarter worth $110,000. D.A. Davidson & CO. grew its holdings in shares of Houghton Mifflin Harcourt by 302.6% during the 2nd quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after purchasing an additional 7,565 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth $128,000. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Houghton Mifflin Harcourt by 107.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock worth $199,000 after purchasing an additional 8,613 shares in the last quarter.

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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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