Houghton Mifflin Harcourt Learning Technology (HMHC) Stock Rating Upgraded by BidaskClub

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

HMHC has been the topic of a number of other research reports. Zacks Investment Research raised shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, February 14th. ValuEngine downgraded shares of Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Goldman Sachs began coverage on shares of Houghton Mifflin Harcourt Learning Technology in a report on Tuesday, March 27th. They set a “sell” rating and a $6.50 price objective on the stock. Finally, BMO Capital Markets reissued a “market perform” rating and set a $8.00 price objective (down previously from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.79.

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Shares of NASDAQ:HMHC opened at $7.25 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. Houghton Mifflin Harcourt Learning Technology has a fifty-two week low of $6.20 and a fifty-two week high of $13.95.

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last issued its earnings results on Thursday, February 22nd. The business services provider reported ($0.70) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.22. The business had revenue of $261.00 million for the quarter, compared to the consensus estimate of $248.33 million. Houghton Mifflin Harcourt Learning Technology had a negative net margin of 7.34% and a negative return on equity of 18.00%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.48) earnings per share. research analysts predict that Houghton Mifflin Harcourt Learning Technology will post -0.93 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in HMHC. Alliancebernstein L.P. boosted its holdings in Houghton Mifflin Harcourt Learning Technology by 81.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,040,000 shares of the business services provider’s stock worth $56,172,000 after buying an additional 2,705,775 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Houghton Mifflin Harcourt Learning Technology by 140.8% during the third quarter. Burgundy Asset Management Ltd. now owns 4,106,547 shares of the business services provider’s stock worth $49,484,000 after acquiring an additional 2,401,362 shares during the last quarter. Millennium Management LLC raised its position in Houghton Mifflin Harcourt Learning Technology by 477.2% during the fourth quarter. Millennium Management LLC now owns 1,393,732 shares of the business services provider’s stock worth $12,962,000 after acquiring an additional 1,152,265 shares during the last quarter. Jennison Associates LLC raised its position in Houghton Mifflin Harcourt Learning Technology by 15.8% during the fourth quarter. Jennison Associates LLC now owns 2,948,145 shares of the business services provider’s stock worth $27,418,000 after acquiring an additional 403,148 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its position in Houghton Mifflin Harcourt Learning Technology by 14.7% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 3,085,815 shares of the business services provider’s stock worth $28,698,000 after acquiring an additional 396,140 shares during the last quarter.

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About Houghton Mifflin Harcourt Learning Technology

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.

Analyst Recommendations for Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC)

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