Houghton Mifflin Harcourt (NASDAQ:HMHC) had its target price decreased by Citigroup from $10.00 to $8.00 in a research note published on Tuesday, The Fly reports. Citigroup currently has a buy rating on the business services provider’s stock.

Other research analysts have also recently issued research reports about the company. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. TheStreet raised Vermilion Energy from a d+ rating to a c rating in a research note on Friday, March 22nd. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. Finally, BidaskClub raised Misonix from a buy rating to a strong-buy rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $9.30.

NASDAQ HMHC traded up $0.01 during trading hours on Tuesday, hitting $5.58. The company had a trading volume of 2,226 shares, compared to its average volume of 644,993. Houghton Mifflin Harcourt has a fifty-two week low of $5.07 and a fifty-two week high of $10.64. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $5.46. The company has a market cap of $690.05 million, a price-to-earnings ratio of -5.29 and a beta of 0.94.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.22). The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $201.61 million. Houghton Mifflin Harcourt had a negative net margin of 8.25% and a negative return on equity of 18.93%. Houghton Mifflin Harcourt’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the business posted ($0.82) earnings per share. On average, equities research analysts expect that Houghton Mifflin Harcourt will post -0.54 earnings per share for the current fiscal year.

In related news, Director Lawrence K. Fish purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $6.47 per share, for a total transaction of $129,400.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.69% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY boosted its position in Houghton Mifflin Harcourt by 322.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 31,633 shares of the business services provider’s stock worth $280,000 after acquiring an additional 24,139 shares during the period. Legal & General Group Plc boosted its position in Houghton Mifflin Harcourt by 18.4% during the 4th quarter. Legal & General Group Plc now owns 51,548 shares of the business services provider’s stock worth $457,000 after acquiring an additional 8,020 shares during the period. Menta Capital LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the 1st quarter worth about $94,000. Norges Bank purchased a new stake in shares of Houghton Mifflin Harcourt during the 4th quarter worth about $16,439,000. Finally, Geode Capital Management LLC raised its stake in shares of Houghton Mifflin Harcourt by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 1,220,570 shares of the business services provider’s stock worth $10,814,000 after purchasing an additional 95,976 shares in the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services 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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