Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has received an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.75.

Several research firms recently commented on HMHC. Zacks Investment Research lowered Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. BMO Capital Markets boosted their price target on Houghton Mifflin Harcourt Company from $10.00 to $13.00 and gave the stock a “market perform” rating in a research report on Monday, May 15th. Finally, BidaskClub lowered Houghton Mifflin Harcourt Company from a “buy” rating to a “hold” rating in a research report on Friday.

Shares of 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 traded hands. The company’s market cap is $1.63 billion. Houghton Mifflin Harcourt Company has a one year low of $9.15 and a one year high of $17.69. The stock has a 50 day moving average price of $12.72 and a 200-day moving average price of $11.18.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) last issued its earnings results on Thursday, May 4th. The business services provider reported ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.07) by $0.11. Houghton Mifflin Harcourt Company had a negative return on equity of 12.53% and a negative net margin of 17.29%. The business had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $196.90 million. During the same quarter in the previous year, the business earned ($1.34) EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts forecast that Houghton Mifflin Harcourt Company will post ($1.39) earnings per share for the current fiscal year.

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In other Houghton Mifflin Harcourt Company news, Director Lawrence K. Fish bought 67,364 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were 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 approximately $1,015,285.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence K. Fish bought 42,364 shares of the business’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $13.02 per share, for a total transaction 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. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in HMHC. Rivulet Capital LLC acquired a new position in shares of Houghton Mifflin Harcourt Company during the fourth quarter worth about $27,984,000. FMR LLC raised its position in shares of Houghton Mifflin Harcourt Company by 13.7% in the first quarter. FMR LLC now owns 15,500,512 shares of the business services provider’s stock worth $157,330,000 after buying an additional 1,869,780 shares during the last quarter. Norges Bank acquired a new position in shares of Houghton Mifflin Harcourt Company during the fourth quarter worth about $13,930,000. Vista Equity Partners Management LLC acquired a new position in shares of Houghton Mifflin Harcourt Company during the first quarter worth about $9,268,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Houghton Mifflin Harcourt Company during the fourth quarter worth about $6,531,000.

About Houghton Mifflin Harcourt Company

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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