Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) shares traded down 2.7% during trading on Thursday . The company traded as low as $14.48 and last traded at $14.49, with a volume of 259,423 shares changing hands. The stock had previously closed at $14.89.

A number of research analysts have issued reports on HMHC shares. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Houghton Mifflin Harcourt in a report on Thursday, May 5th. Goldman Sachs Group Inc. raised shares of Houghton Mifflin Harcourt from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, August 1st. Morgan Stanley reissued a “hold” rating on shares of Houghton Mifflin Harcourt in a research note on Sunday, May 22nd. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Houghton Mifflin Harcourt in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.60.

The stock’s 50-day moving average is $16.26 and its 200-day moving average is $17.92. The firm’s market capitalization is $1.80 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.21. The business earned $392 million during the quarter, compared to analysts’ expectations of $431.29 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that Houghton Mifflin Harcourt Co. will post ($1.12) EPS for the current fiscal year.

A hedge fund recently raised its stake in Houghton Mifflin Harcourt stock. New York State Common Retirement Fund boosted its stake in shares of Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) by 63.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,460 shares of the company’s stock after buying an additional 79,560 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Houghton Mifflin Harcourt worth $4,453,000 as of its most recent SEC filing.

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. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.

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