BidaskClub cut shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a sell rating to a hold rating in a report on Wednesday. ValuEngine raised shares of Houghton Mifflin Harcourt from a strong sell rating to a sell rating in a report on Saturday, November 4th. Piper Jaffray Companies reissued a hold rating and set a $14.00 price objective on shares of Houghton Mifflin Harcourt in a report on Friday, November 3rd. Citigroup cut their price objective on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a buy rating on the stock in a report on Friday, November 3rd. Finally, Morgan Stanley cut their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an equal weight rating on the stock in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Houghton Mifflin Harcourt presently has an average rating of Hold and an average price target of $13.08.

Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up $0.05 during mid-day trading on Friday, reaching $8.60. 640,755 shares of the company traded hands, compared to its average volume of 582,840. The stock has a market capitalization of $1,054.50, a price-to-earnings ratio of -4.08 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.94. Houghton Mifflin Harcourt has a 12 month low of $8.05 and a 12 month high of $13.95.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $528.40 million. Houghton Mifflin Harcourt had a negative net margin of 18.59% and a negative return on equity of 17.37%. Houghton Mifflin Harcourt’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. analysts anticipate that Houghton Mifflin Harcourt will post -1.67 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in HMHC. Schwab Charles Investment Management Inc. boosted its stake in Houghton Mifflin Harcourt by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 699,125 shares of the business services provider’s stock valued at $8,600,000 after acquiring an additional 76,354 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Houghton Mifflin Harcourt by 12.1% in the second quarter. JPMorgan Chase & Co. now owns 711,639 shares of the business services provider’s stock valued at $8,753,000 after acquiring an additional 76,963 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Houghton Mifflin Harcourt by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 1,722,592 shares of the business services provider’s stock valued at $21,189,000 after acquiring an additional 7,015 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Houghton Mifflin Harcourt by 4.8% in the second quarter. New York State Common Retirement Fund now owns 1,257,463 shares of the business services provider’s stock valued at $15,467,000 after acquiring an additional 57,542 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Houghton Mifflin Harcourt in the second quarter valued at approximately $320,000.

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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.

Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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