Houghton Mifflin Harcourt (NASDAQ:HMHC) Cut to Sell at Zacks Investment Research

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Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Houghton Mifflin Harcourt Company is a global provider of education solutions, delivering content, technology, services and media to students in over 150 countries worldwide. The Company delivers its offerings to both educational institutions and consumers. It provides kindergarten through twelfth grade, or K-12, educational content in the United States. The Company, through its subsidiary, provides print and electronic textbook curriculum, learning content, and assessment tools and services. Houghton Mifflin Harcourt Company is headquartered in Boston, Massachusetts. “

HMHC has been the subject of several other research reports. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet upgraded Vermilion Energy from a “d+” rating to a “c” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.63.

NASDAQ HMHC opened at $5.33 on Wednesday. The business’s 50 day simple moving average is $5.58. Houghton Mifflin Harcourt has a one year low of $5.07 and a one year high of $10.64. The firm has a market capitalization of $671.44 million, a PE ratio of -5.03 and a beta of 0.94. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 1.37.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings results on Thursday, May 9th. The business services provider reported ($0.95) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.22). Houghton Mifflin Harcourt had a negative return on equity of 18.93% and a negative net margin of 8.25%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $201.61 million. During the same period in the prior year, the business earned ($0.82) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Houghton Mifflin Harcourt will post -0.54 earnings per share for the current year.

In other news, Director Lawrence K. Fish purchased 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $6.47 per share, for a total transaction of $129,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.69% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in HMHC. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Houghton Mifflin Harcourt by 322.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 31,633 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 24,139 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Houghton Mifflin Harcourt by 18.4% in the fourth quarter. Legal & General Group Plc now owns 51,548 shares of the business services provider’s stock valued at $457,000 after purchasing an additional 8,020 shares in the last quarter. Menta Capital LLC bought a new position in shares of Houghton Mifflin Harcourt in the first quarter valued at approximately $94,000. Norges Bank bought a new position in shares of Houghton Mifflin Harcourt in the fourth quarter valued at approximately $16,439,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Houghton Mifflin Harcourt by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 1,220,570 shares of the business services provider’s stock valued at $10,814,000 after purchasing an additional 95,976 shares in the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

Houghton Mifflin Harcourt Company Profile

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.

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