Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Director Lawrence K. Fish purchased 20,000 shares of Houghton Mifflin Harcourt stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $6.47 per share, with a total value of $129,400.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NASDAQ:HMHC opened at $6.71 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 1.37. Houghton Mifflin Harcourt Co has a 12 month low of $5.10 and a 12 month high of $10.64. The company has a market capitalization of $801.75 million, a price-to-earnings ratio of -6.33 and a beta of 0.79.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its 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). Houghton Mifflin Harcourt had a negative return on equity of 18.93% and a negative net margin of 8.25%. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $201.61 million. During the same period last year, the firm posted ($0.82) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Houghton Mifflin Harcourt Co will post -0.44 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd bought a new stake in Houghton Mifflin Harcourt in the 1st quarter worth approximately $222,000. Schonfeld Strategic Advisors LLC bought a new stake in Houghton Mifflin Harcourt in the 1st quarter worth approximately $115,000. Man Group plc grew its position in Houghton Mifflin Harcourt by 47.9% in the 1st quarter. Man Group plc now owns 322,873 shares of the business services provider’s stock worth $2,348,000 after purchasing an additional 104,529 shares during the period. Macquarie Group Ltd. grew its position in Houghton Mifflin Harcourt by 1.3% in the 1st quarter. Macquarie Group Ltd. now owns 140,791 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 1,817 shares during the period. Finally, SEI Investments Co grew its position in Houghton Mifflin Harcourt by 272.7% in the 1st quarter. SEI Investments Co now owns 63,522 shares of the business services provider’s stock worth $480,000 after purchasing an additional 46,477 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet downgraded shares of Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets cut their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.63.
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.
Further Reading: Calculate Your Return on Investment (ROI)
Receive News & Ratings for Houghton Mifflin Harcourt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt and related companies with MarketBeat.com's FREE daily email newsletter.