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

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Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

HMHC has been the subject of a number of other reports. Stifel Nicolaus decreased their price objective on shares of Houghton Mifflin Harcourt Learning Technology from $9.50 to $8.00 and set a “hold” rating for the company in a report on Friday, May 4th. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Wednesday, February 14th. Morgan Stanley decreased their price objective on shares of Houghton Mifflin Harcourt Learning Technology from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, May 4th. ValuEngine cut shares of Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group began coverage on shares of Houghton Mifflin Harcourt Learning Technology in a report on Tuesday, March 27th. They issued a “sell” rating and a $6.50 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.71.

Shares of NASDAQ:HMHC opened at $6.85 on Friday. The firm has a market capitalization of $845.27 million, a P/E ratio of -5.48 and a beta of 0.59. Houghton Mifflin Harcourt Learning Technology has a 1 year low of $6.20 and a 1 year high of $13.95. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.09 and a quick ratio of 0.64.

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, May 3rd. The business services provider reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). The business had revenue of $219.77 million during the quarter, compared to the consensus estimate of $217.95 million. Houghton Mifflin Harcourt Learning Technology had a negative return on equity of 15.47% and a negative net margin of 5.98%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.98) earnings per share. equities analysts anticipate that Houghton Mifflin Harcourt Learning Technology will post -0.86 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in Houghton Mifflin Harcourt Learning Technology by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,904,573 shares of the business services provider’s stock worth $27,012,000 after acquiring an additional 220,295 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Houghton Mifflin Harcourt Learning Technology by 14.9% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,717,565 shares of the business services provider’s stock worth $43,873,000 after acquiring an additional 611,018 shares during the last quarter. Alliancebernstein L.P. lifted its position in Houghton Mifflin Harcourt Learning Technology by 81.2% during the 4th quarter. Alliancebernstein L.P. now owns 6,040,000 shares of the business services provider’s stock worth $56,172,000 after acquiring an additional 2,705,775 shares during the last quarter. Royce & Associates LP lifted its position in Houghton Mifflin Harcourt Learning Technology by 10.0% during the 4th quarter. Royce & Associates LP now owns 1,675,759 shares of the business services provider’s stock worth $15,585,000 after acquiring an additional 153,000 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in shares of Houghton Mifflin Harcourt Learning Technology during the fourth quarter valued at about $3,173,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Houghton Mifflin Harcourt Learning Technology 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.

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

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