Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.17.

A number of equities analysts recently issued reports on HMHC shares. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, May 5th. BMO Capital Markets restated a “hold” rating on shares of Houghton Mifflin Harcourt in a report on Wednesday, April 12th. Stifel Nicolaus restated a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a report on Monday, July 10th. Finally, BidaskClub cut Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a report on Friday, June 16th.

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Shares of Houghton Mifflin Harcourt (HMHC) traded up 1.75% during mid-day trading on Friday, hitting $11.65. The stock had a trading volume of 330,471 shares. The firm’s market cap is $1.44 billion. Houghton Mifflin Harcourt has a 12-month low of $9.15 and a 12-month high of $17.36. The company has a 50 day moving average price of $12.38 and a 200 day moving average price of $11.46.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.03. The business had revenue of $393.05 million for the quarter, compared to analysts’ expectations of $387.68 million. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) EPS. Equities analysts forecast that Houghton Mifflin Harcourt will post ($1.52) earnings per share for the current fiscal year.

In other news, Director Lawrence K. Fish acquired 67,364 shares of Houghton Mifflin Harcourt stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $12.99 per share, with a total value of $875,058.36. Following the completion of the transaction, the director now owns 78,159 shares in the company, valued at $1,015,285.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Houghton Mifflin Harcourt by 1.7% in the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock worth $443,000 after buying an additional 711 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Houghton Mifflin Harcourt by 1.1% in the first quarter. Alliancebernstein L.P. now owns 207,800 shares of the business services provider’s stock worth $2,109,000 after buying an additional 2,197 shares during the last quarter. KCG Holdings Inc. boosted its stake in Houghton Mifflin Harcourt by 14.2% in the first quarter. KCG Holdings Inc. now owns 20,998 shares of the business services provider’s stock worth $213,000 after buying an additional 2,617 shares during the last quarter. American International Group Inc. boosted its stake in Houghton Mifflin Harcourt by 7.1% in the first quarter. American International Group Inc. now owns 76,397 shares of the business services provider’s stock worth $775,000 after buying an additional 5,051 shares during the last quarter. Finally, Lapides Asset Management LLC boosted its stake in Houghton Mifflin Harcourt by 0.4% in the first quarter. Lapides Asset Management LLC now owns 1,846,800 shares of the business services provider’s stock worth $18,745,000 after buying an additional 7,000 shares during the last quarter.

Houghton Mifflin Harcourt Company Profile

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.

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