HMHC has been the topic of several other research reports. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a hold rating to a sell rating in a research note on Saturday, February 23rd. TheStreet downgraded Houghton Mifflin Harcourt from a c- rating to a d rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets dropped their price target on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an outperform rating on the stock in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $9.63.
Shares of HMHC stock opened at $6.81 on Monday. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year high of $10.64. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.01 billion, a P/E ratio of -6.42 and a beta of 0.79.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.95) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.22). The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $201.61 million. Houghton Mifflin Harcourt had a negative net margin of 6.92% and a negative return on equity of 15.82%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.82) EPS. On average, equities research analysts forecast that Houghton Mifflin Harcourt will post -0.57 earnings per share for the current fiscal year.
In other news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $7.75, for a total value of $4,822,980.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.69% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of HMHC. Private Capital Group LLC boosted its stake in shares of Houghton Mifflin Harcourt by 91.3% in the first quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock worth $32,000 after buying an additional 2,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Houghton Mifflin Harcourt by 70.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock worth $71,000 after buying an additional 3,317 shares during the last quarter. Signition LP purchased a new stake in shares of Houghton Mifflin Harcourt in the first quarter worth about $84,000. Acadian Asset Management LLC purchased a new stake in shares of Houghton Mifflin Harcourt in the first quarter worth about $93,000. Finally, Menta Capital LLC purchased a new stake in shares of Houghton Mifflin Harcourt in the first quarter worth about $94,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.
About Houghton Mifflin Harcourt
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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