McGraw Hill (NYSE:MH) Stock Falls 5.5% – Time to Sell?

McGraw Hill, Inc. (NYSE:MH)’s share price traded down 5.5% during mid-day trading on Friday. The stock traded as low as $12.92 and last traded at $12.9350. 114,729 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 616,973 shares. The stock had previously closed at $13.69.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Wall Street Zen raised shares of McGraw Hill from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. lowered their price objective on shares of McGraw Hill from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings upgraded McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, BMO Capital Markets raised their target price on McGraw Hill from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, McGraw Hill presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

McGraw Hill Price Performance

The company has a debt-to-equity ratio of 3.25, a current ratio of 0.78 and a quick ratio of 0.62. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 25.49 and a beta of -0.85. The stock’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $12.15.

McGraw Hill (NYSE:MH) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. McGraw Hill had a return on equity of 62.57% and a net margin of 4.38%.The business had revenue of $549.90 million for the quarter. McGraw Hill’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that McGraw Hill, Inc. will post 1.91 EPS for the current fiscal year.

Institutional Trading of McGraw Hill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MH. Platinum Equity Advisors LLC DE bought a new stake in McGraw Hill during the second quarter worth about $1,304,765,706,000. Militia Capital Management LLC bought a new stake in McGraw Hill during the 1st quarter worth approximately $1,907,000. Renaissance Technologies LLC increased its holdings in McGraw Hill by 195.2% during the 1st quarter. Renaissance Technologies LLC now owns 169,100 shares of the company’s stock valued at $2,317,000 after purchasing an additional 111,812 shares in the last quarter. Bank of America Corp DE raised its position in McGraw Hill by 178.4% in the 1st quarter. Bank of America Corp DE now owns 388,255 shares of the company’s stock valued at $5,319,000 after purchasing an additional 248,773 shares during the last quarter. Finally, Man Group plc bought a new position in McGraw Hill in the 2nd quarter valued at $1,054,000.

McGraw Hill Company Profile

McGraw Hill is an education company that develops learning materials, digital courseware and assessment products for students, educators and institutions. Its offerings span higher education, K–12 schools, professional learning and international markets, with products designed to support instruction, curriculum planning, homework, testing and student progress tracking.

The company’s portfolio includes digital learning platforms, college textbooks, adaptive learning tools, online assignments, teacher resources and educational assessments.