Houghton Mifflin Harcourt Company (NASDAQ:HMHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Houghton Mifflin Harcourt Company is a global provider of education solutions, delivering content, technology, services and media to students in over 150 countries worldwide. The Company delivers its offerings to both educational institutions and consumers. It provides kindergarten through twelfth grade, or K-12, educational content in the United States. The Company, through its subsidiary, provides print and electronic textbook curriculum, learning content, and assessment tools and services. Houghton Mifflin Harcourt Company is headquartered in Boston, Massachusetts. “

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets increased their price objective on Houghton Mifflin Harcourt from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Monday, May 15th. BidaskClub downgraded Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Houghton Mifflin Harcourt currently has an average rating of “Hold” and an average target price of $16.90.

Houghton Mifflin Harcourt (NASDAQ:HMHC) remained flat at $11.15 during trading on Friday. 1,539,350 shares of the company traded hands. Houghton Mifflin Harcourt has a 12 month low of $9.15 and a 12 month high of $16.18. The firm’s 50 day moving average price is $11.98 and its 200-day moving average price is $11.48. The stock’s market capitalization is $1.38 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.03. The business had revenue of $393.05 million during the quarter, compared to the consensus estimate of $387.68 million. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.23) earnings per share. Equities research analysts anticipate that Houghton Mifflin Harcourt will post ($1.63) earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in HMHC. D.A. Davidson & CO. boosted its stake in Houghton Mifflin Harcourt by 302.6% in the second quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock valued at $123,000 after buying an additional 7,565 shares during the period. Independent Portfolio Consultants Inc. bought a new stake in Houghton Mifflin Harcourt during the second quarter valued at approximately $125,000. Bank of Montreal Can bought a new stake in Houghton Mifflin Harcourt during the first quarter valued at approximately $111,000. Oppenheimer Asset Management Inc. bought a new stake in Houghton Mifflin Harcourt during the first quarter valued at approximately $131,000. Finally, Karp Capital Management Corp bought a new stake in Houghton Mifflin Harcourt during the first quarter valued at approximately $169,000.

Houghton Mifflin Harcourt Company Profile

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.

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