Houghton Mifflin Harcourt Co. (NASDAQ:HMHC)’s share price traded up 1.8% during mid-day trading on Wednesday . The company 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.

A number of equities analysts have issued reports on the company. Morgan Stanley reaffirmed a “hold” rating on shares of Houghton Mifflin Harcourt in a research note on Sunday, May 22nd. Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Friday, April 15th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Houghton Mifflin Harcourt in a research note on Thursday, May 5th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Houghton Mifflin Harcourt in a research note on Wednesday, May 18th. Finally, TheStreet raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.00.

The company’s market capitalization is $2.06 billion. The firm has a 50 day moving average of $16.50 and a 200-day moving average of $18.25.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings results on Wednesday, May 4th. The company reported ($1.34) EPS 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 analysts’ expectations of $198.74 million. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.12) earnings per share. On average, equities research analysts anticipate that Houghton Mifflin Harcourt Co. will post ($0.96) earnings per share for the current year.

In other news, insider John Dragoon sold 25,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $20.41, for a total value of $510,250.00. Following the completion of the transaction, the insider now owns 37,172 shares of the company’s stock, valued at approximately $758,680.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Kay Zecher sold 4,984 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $21.02, for a total transaction of $104,763.68. Following the completion of the transaction, the insider now directly owns 201,192 shares of the company’s stock, valued at approximately $4,229,055.84. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Eagle Asset Management raised its position in shares of Houghton Mifflin Harcourt by 108.5% in the third quarter. Eagle Asset Management now owns 2,094,438 shares of the company’s stock valued at $42,538,000 after buying an additional 1,089,988 shares during the period. Russell Frank Co raised its position in shares of Houghton Mifflin Harcourt by 4.0% in the fourth quarter. Russell Frank Co now owns 629,505 shares of the company’s stock valued at $13,606,000 after buying an additional 24,110 shares during the period. Mutual of America Capital Management LLC raised its position in shares of 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 valued at $12,173,000 after buying an additional 34,757 shares during the period. Lapides Asset Management LLC purchased a new position in shares of Houghton Mifflin Harcourt during the fourth quarter valued at about $11,476,000. Finally, California State Teachers Retirement System raised its position in shares of 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 valued at $5,526,000 after buying an additional 3,899 shares during the period.

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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