Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) shares traded up 1.8% during trading on Wednesday . The stock traded as high as $17.09 and last traded at $17.07, with a volume of 254,831 shares changing hands. The stock had previously closed at $16.76.

Several research analysts have commented on the stock. Morgan Stanley reissued a “hold” rating on shares of Houghton Mifflin Harcourt in a report on Sunday, May 22nd. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $33.00 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, June 9th. Credit Suisse Group AG restated a “buy” rating on shares of Houghton Mifflin Harcourt in a research report on Wednesday, May 18th. Finally, TheStreet upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Houghton Mifflin Harcourt currently has a consensus rating of “Buy” and an average price target of $27.00.

The firm’s market cap is $2.09 billion. The stock’s 50 day moving average is $16.52 and its 200 day moving average is $18.27.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by $0.17. The business had revenue of $206 million for the quarter, compared to the consensus estimate of $198.74 million. During the same period last year, the firm earned ($1.12) earnings per share. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, equities analysts anticipate that Houghton Mifflin Harcourt Co. will post ($0.96) earnings per share for the current fiscal year.

In other Houghton Mifflin Harcourt news, insider Timothy Lon Cannon sold 15,000 shares of Houghton Mifflin Harcourt stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $20.62, for a total value of $309,300.00. Following the completion of the transaction, the insider now owns 27,169 shares of the company’s stock, valued at $560,224.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Kay Zecher sold 13,433 shares of Houghton Mifflin Harcourt stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $21.00, for a total transaction of $282,093.00. Following the completion of the transaction, the insider now directly owns 209,641 shares of the company’s stock, valued at approximately $4,402,461. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Lapides Asset Management LLC purchased a new position in Houghton Mifflin Harcourt during the fourth quarter worth $11,476,000. Mutual of America Capital Management LLC boosted its position in Houghton Mifflin Harcourt by 6.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 558,918 shares of the company’s stock worth $12,173,000 after buying an additional 34,757 shares during the last quarter. New York State Common Retirement Fund boosted its position in Houghton Mifflin Harcourt by 63.7% in the fourth quarter. New York State Common Retirement Fund now owns 204,460 shares of the company’s stock worth $4,453,000 after buying an additional 79,560 shares during the last quarter. Rhumbline Advisers boosted its position in Houghton Mifflin Harcourt by 3.0% in the fourth quarter. Rhumbline Advisers now owns 183,353 shares of the company’s stock worth $3,993,000 after buying an additional 5,375 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Houghton Mifflin Harcourt by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 253,727 shares of the company’s stock worth $5,526,000 after buying an additional 3,899 shares during the last quarter.

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products, technology platforms and services to meet the diverse needs of classrooms.

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