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

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Zacks Investment Research cut shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a hold rating to a sell rating in a research report released on Friday morning, 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. “

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Houghton Mifflin Harcourt from a buy rating to a hold rating in a research note on Thursday. ValuEngine raised shares of Houghton Mifflin Harcourt from a sell rating to a hold rating in a research note on Thursday, August 1st. Morgan Stanley cut their price target on shares of Houghton Mifflin Harcourt from $7.00 to $6.50 and set an equal weight rating on the stock in a research note on Thursday. Finally, Citigroup cut their price target on shares of Houghton Mifflin Harcourt from $10.00 to $8.00 and set a buy rating on the stock in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Houghton Mifflin Harcourt currently has an average rating of Hold and an average price target of $8.50.

Shares of HMHC opened at $5.71 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.80 and a current ratio of 1.26. The company has a market capitalization of $681.25 million, a price-to-earnings ratio of -5.39 and a beta of 0.87. The company’s 50 day simple moving average is $5.67 and its 200 day simple moving average is $6.52. Houghton Mifflin Harcourt has a 1 year low of $4.72 and a 1 year high of $10.64.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $388.90 million for the quarter, compared to the consensus estimate of $399.91 million. Houghton Mifflin Harcourt had a negative net margin of 9.46% and a negative return on equity of 16.39%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. Equities analysts expect that Houghton Mifflin Harcourt will post -0.78 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. United Services Automobile Association raised its stake in Houghton Mifflin Harcourt by 7.5% during the second quarter. United Services Automobile Association now owns 27,019 shares of the business services provider’s stock worth $156,000 after purchasing an additional 1,889 shares during the period. Swiss National Bank raised its stake in shares of 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 acquiring an additional 4,200 shares during the period. Acadian Asset Management LLC raised its stake in shares of 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 acquiring an additional 5,201 shares during the period. Aperio Group LLC purchased a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter valued at $41,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter valued at $63,000. 91.24% of the stock is currently owned by institutional investors.

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.

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