BidaskClub Upgrades Houghton Mifflin Harcourt (NASDAQ:HMHC) to “Buy”

BidaskClub upgraded shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a hold rating to a buy rating in a report published on Thursday morning, BidAskClub reports.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Houghton Mifflin Harcourt from a sell rating to a hold rating in a report on Saturday, August 10th. Citigroup decreased their target price on Houghton Mifflin Harcourt from $10.00 to $8.00 and set a buy rating on the stock in a report on Tuesday, July 16th. Finally, ValuEngine raised Houghton Mifflin Harcourt from a sell rating to a hold rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $9.50.

HMHC stock opened at $5.80 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 0.80. Houghton Mifflin Harcourt has a 1-year low of $4.72 and a 1-year high of $10.64. The business’s 50 day simple moving average is $5.56 and its 200 day simple moving average is $6.80.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $388.90 million for the quarter, compared to analyst estimates of $399.91 million. Houghton Mifflin Harcourt had a negative return on equity of 16.39% and a negative net margin of 9.46%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) EPS. As a group, analysts anticipate that Houghton Mifflin Harcourt will post -0.78 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. United Services Automobile Association grew its holdings in Houghton Mifflin Harcourt by 7.5% in the 2nd 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. Private Capital Group LLC grew its holdings in Houghton Mifflin Harcourt by 91.3% in the 1st quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock valued at $32,000 after buying an additional 2,100 shares in the last quarter. Swiss National Bank grew its holdings in Houghton Mifflin Harcourt by 2.2% in the 2nd 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 grew its holdings in Houghton Mifflin Harcourt by 40.5% in the 2nd quarter. Acadian Asset Management LLC now owns 18,033 shares of the business services provider’s stock valued at $104,000 after buying an additional 5,201 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Houghton Mifflin Harcourt in the 2nd quarter valued at $41,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: How to calculate the intrinsic value of a stock

Receive News & Ratings for Houghton Mifflin Harcourt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt and related companies with MarketBeat.com's FREE daily email newsletter.