Houghton Mifflin Harcourt Company (HMHC) Receives $17.75 Average PT from Brokerages

Shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) have earned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.75.

HMHC has been the subject of several research reports. Zacks Investment Research cut shares of Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. BMO Capital Markets reissued a “hold” rating on shares of Houghton Mifflin Harcourt Company in a research report on Wednesday, April 12th. Finally, BidaskClub cut shares of Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Friday.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) traded down 0.38% during mid-day trading on Tuesday, hitting $13.20. 730,626 shares of the stock were exchanged. Houghton Mifflin Harcourt Company has a 52 week low of $9.15 and a 52 week high of $17.69. The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $11.18. The firm’s market capitalization is $1.63 billion.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.07) by $0.11. The company had revenue of $221.92 million for the quarter, compared to the consensus estimate of $196.90 million. Houghton Mifflin Harcourt Company had a negative net margin of 17.29% and a negative return on equity of 12.53%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.34) EPS. Equities research analysts expect that Houghton Mifflin Harcourt Company will post ($1.39) EPS for the current year.

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In related news, Director Lawrence K. Fish acquired 67,364 shares of the stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $12.99 per share, with a total value of $875,058.36. Following the transaction, the director now directly owns 78,159 shares in the company, valued at $1,015,285.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence K. Fish acquired 42,364 shares of the stock in a transaction on Monday, May 8th. The stock was bought at an average cost of $13.02 per share, with a total value of $551,579.28. Following the completion of the transaction, the director now owns 78,159 shares in the company, valued at $1,017,630.18. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Houghton Mifflin Harcourt Company by 1.7% in the first quarter. Sei Investments Co. now owns 43,660 shares of the business services provider’s stock valued at $443,000 after buying an additional 711 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Houghton Mifflin Harcourt Company by 1.1% in the first quarter. Alliancebernstein L.P. now owns 207,800 shares of the business services provider’s stock valued at $2,109,000 after buying an additional 2,197 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Houghton Mifflin Harcourt Company by 14.2% in the first quarter. KCG Holdings Inc. now owns 20,998 shares of the business services provider’s stock valued at $213,000 after buying an additional 2,617 shares during the last quarter. American International Group Inc. boosted its stake in shares of Houghton Mifflin Harcourt Company by 7.1% in the first quarter. American International Group Inc. now owns 76,397 shares of the business services provider’s stock valued at $775,000 after buying an additional 5,051 shares during the last quarter. Finally, Lapides Asset Management LLC boosted its stake in shares of Houghton Mifflin Harcourt Company by 0.4% in the first quarter. Lapides Asset Management LLC now owns 1,846,800 shares of the business services provider’s stock valued at $18,745,000 after buying an additional 7,000 shares during the last quarter.

Houghton Mifflin Harcourt Company 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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