Houghton Mifflin Harcourt Company (NASDAQ:HMHC) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, July 20th. Citigroup Inc decreased their price objective on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley decreased their price objective on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.08.

Houghton Mifflin Harcourt (NASDAQ HMHC) opened at $9.75 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.80.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.51% and a negative net margin of 18.59%. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $528.40 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts forecast that Houghton Mifflin Harcourt will post -1.69 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in HMHC. Public Employees Retirement System of Ohio raised its position in Houghton Mifflin Harcourt by 25.1% in the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,729 shares during the period. D.A. Davidson & CO. raised its position 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 purchasing an additional 7,565 shares during the period. Independent Portfolio Consultants Inc. purchased a new stake in Houghton Mifflin Harcourt in the second quarter valued at approximately $125,000. Verition Fund Management LLC purchased a new stake in Houghton Mifflin Harcourt in the second quarter valued at approximately $128,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Houghton Mifflin Harcourt in the first quarter valued at approximately $131,000. 99.80% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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