BidaskClub Lowers Houghton Mifflin Harcourt (NASDAQ:HMHC) to Hold

Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday, September 20th, BidAskClub reports.

A number of other research firms also recently commented on HMHC. Citigroup decreased their target price on Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Friday, September 6th. ValuEngine cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Morgan Stanley reduced their price target on Houghton Mifflin Harcourt from $7.00 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.50.

HMHC opened at $5.26 on Friday. The business’s 50-day moving average is $5.68 and its two-hundred day moving average is $6.25. Houghton Mifflin Harcourt has a 1 year low of $4.72 and a 1 year high of $10.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 0.80. The firm has a market capitalization of $698.66 million, a PE ratio of -4.96 and a beta of 0.87.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Houghton Mifflin Harcourt had a negative return on equity of 16.39% and a negative net margin of 9.46%. The business had revenue of $388.90 million during the quarter, compared to the consensus estimate of $399.91 million. During the same quarter last year, the company earned ($0.19) earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Houghton Mifflin Harcourt will post -1.3 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. United Services Automobile Association increased its position in shares of Houghton Mifflin Harcourt by 7.5% in the second quarter. United Services Automobile Association now owns 27,019 shares of the business services provider’s stock valued at $156,000 after buying an additional 1,889 shares in the last quarter. Swiss National Bank increased its position in shares of Houghton Mifflin Harcourt by 2.2% in the second quarter. Swiss National Bank now owns 195,600 shares of the business services provider’s stock valued at $1,127,000 after buying an additional 4,200 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Houghton Mifflin Harcourt by 40.5% during the second quarter. Acadian Asset Management LLC now owns 18,033 shares of the business services provider’s stock worth $104,000 after purchasing an additional 5,201 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Houghton Mifflin Harcourt by 3.9% during the second quarter. Macquarie Group Ltd. now owns 146,292 shares of the business services provider’s stock worth $843,000 after purchasing an additional 5,501 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Houghton Mifflin Harcourt

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.

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