Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.40.

Several analysts recently weighed in on the company. TheStreet upgraded Houghton Mifflin Harcourt from a “d” rating to a “c-” rating in a report on Wednesday, November 28th. BidaskClub upgraded Houghton Mifflin Harcourt from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. ValuEngine upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, BMO Capital Markets upgraded Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research note on Tuesday, October 9th.

In related news, insider John J. Lynch, Jr. bought 112,518 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of $8.89 per share, for a total transaction of $1,000,285.02. Following the completion of the purchase, the insider now directly owns 140,362 shares of the company’s stock, valued at $1,247,818.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Mckernan, Jr. bought 11,200 shares of the business’s stock in a transaction on Monday, November 26th. The stock was bought at an average price of $9.08 per share, for a total transaction of $101,696.00. Following the purchase, the director now directly owns 30,429 shares of the company’s stock, valued at $276,295.32. The disclosure for this purchase can be found here. 1.07% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth about $113,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth about $116,000. Stone Run Capital LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the third quarter worth about $119,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Houghton Mifflin Harcourt during the third quarter worth about $197,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Houghton Mifflin Harcourt by 54.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 43,600 shares of the business services provider’s stock worth $305,000 after acquiring an additional 15,400 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Shares of HMHC stock traded down $0.04 on Friday, hitting $10.24. The stock had a trading volume of 650,679 shares, compared to its average volume of 828,675. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.48 and a quick ratio of 1.17. The company has a market capitalization of $1.28 billion, a P/E ratio of -8.19 and a beta of 0.66. Houghton Mifflin Harcourt has a one year low of $5.10 and a one year high of $10.51.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $536.30 million during the quarter, compared to the consensus estimate of $507.37 million. Houghton Mifflin Harcourt had a negative return on equity of 15.66% and a negative net margin of 4.69%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. On average, analysts anticipate that Houghton Mifflin Harcourt will post -1.01 earnings per share for the current fiscal year.

About Houghton Mifflin Harcourt

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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