Houghton Mifflin Harcourt (HMHC) Downgraded to “Buy” at BidaskClub

Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also weighed in on HMHC. ValuEngine raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. TheStreet raised Houghton Mifflin Harcourt from a “d” rating to a “c-” rating in a research note on Wednesday, November 28th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.42.

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NASDAQ:HMHC opened at $9.93 on Friday. The company has a market cap of $1.23 billion, a PE ratio of -7.94 and a beta of 0.94. Houghton Mifflin Harcourt has a fifty-two week low of $5.10 and a fifty-two week high of $10.64. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.92.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $536.30 million during the quarter, compared to analyst estimates of $507.37 million. Houghton Mifflin Harcourt had a negative return on equity of 15.66% and a negative net margin of 4.69%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Sell-side analysts anticipate that Houghton Mifflin Harcourt will post -1.01 earnings per share for the current year.

In other Houghton Mifflin Harcourt news, Director John R. Mckernan, Jr. purchased 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average price of $9.08 per share, with a total value of $101,696.00. Following the completion of the purchase, the director now directly owns 30,429 shares of the company’s stock, valued at approximately $276,295.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lynch, Jr. purchased 112,518 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average cost of $8.89 per share, with a total value of $1,000,285.02. Following the purchase, the insider now directly owns 140,362 shares of the company’s stock, valued at $1,247,818.18. The disclosure for this purchase can be found here. Company insiders own 1.07% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HMHC. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Houghton Mifflin Harcourt by 70.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock worth $71,000 after acquiring an additional 3,317 shares during the period. SG Americas Securities LLC bought a new position in Houghton Mifflin Harcourt in the fourth quarter worth $110,000. Stone Run Capital LLC bought a new position in Houghton Mifflin Harcourt in the third quarter worth $119,000. Public Employees Retirement Association of Colorado bought a new position in Houghton Mifflin Harcourt in the third quarter worth $197,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in Houghton Mifflin Harcourt by 54.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 43,600 shares of the business services provider’s stock worth $305,000 after purchasing an additional 15,400 shares in the last quarter. 95.06% of the stock is owned by institutional investors.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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