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

Several research firms have issued reports on HMHC. Morgan Stanley reiterated a “hold” rating on shares of Houghton Mifflin Harcourt in a research note on Sunday, May 22nd. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $33.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, June 9th. BMO Capital Markets downgraded shares of Houghton Mifflin Harcourt from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $22.00 to $17.00 in a research note on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Houghton Mifflin Harcourt in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.60.

The company has a 50-day moving average price of $16.17 and a 200-day moving average price of $17.88. The stock’s market cap is $1.80 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.21. The business had revenue of $392 million for the quarter, compared to the consensus estimate of $431.29 million. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) earnings per share. Equities analysts anticipate that Houghton Mifflin Harcourt Co. will post ($1.16) EPS for the current year.

A hedge fund recently raised its stake in Houghton Mifflin Harcourt stock. New York State Common Retirement Fund increased its position in Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) by 63.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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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