Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has earned an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.10.

A number of brokerages have recently commented on HMHC. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. ValuEngine raised shares of Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 target price on shares of Houghton Mifflin Harcourt in a research note on Friday, November 3rd. Citigroup Inc. cut their target price on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Morgan Stanley cut their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd.

Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up $0.25 on Monday, hitting $8.90. 766,513 shares of the company’s stock were exchanged, compared to its average volume of 1,040,000. Houghton Mifflin Harcourt has a 52 week low of $8.05 and a 52 week high of $13.95. 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 (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative net margin of 18.59% and a negative return on equity of 17.37%. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $528.40 million. During the same quarter last year, the business earned $0.73 EPS. Houghton Mifflin Harcourt’s revenue for the quarter was down .2% on a year-over-year basis. sell-side analysts forecast that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in Houghton Mifflin Harcourt by 65.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 20,874 shares of the business services provider’s stock worth $252,000 after buying an additional 8,273 shares during the period. Royce & Associates LP increased its stake in Houghton Mifflin Harcourt by 2.2% during the 3rd quarter. Royce & Associates LP now owns 1,522,759 shares of the business services provider’s stock worth $18,349,000 after buying an additional 33,500 shares during the period. Engineers Gate Manager LP increased its stake in Houghton Mifflin Harcourt by 15.0% during the 3rd quarter. Engineers Gate Manager LP now owns 99,295 shares of the business services provider’s stock worth $1,197,000 after buying an additional 12,960 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in Houghton Mifflin Harcourt by 29.1% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,689,675 shares of the business services provider’s stock worth $32,411,000 after buying an additional 606,345 shares during the period. Finally, WS Management Lllp increased its stake in Houghton Mifflin Harcourt by 3.0% during the 3rd quarter. WS Management Lllp now owns 5,172,673 shares of the business services provider’s stock worth $62,331,000 after buying an additional 150,000 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

About Houghton Mifflin Harcourt

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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