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

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

Shares of HMHC stock opened at $5.80 on Thursday. Houghton Mifflin Harcourt has a one year low of $4.72 and a one year high of $10.64. The stock has a fifty day moving average price of $5.56 and a 200 day moving average price of $6.80. The company has a quick ratio of 0.80, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

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

A number of hedge funds have recently modified their holdings of HMHC. Intrinsic Edge Capital Management LLC bought a new position in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at about $2,304,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Houghton Mifflin Harcourt by 177.9% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 145,577 shares of the business services provider’s stock valued at $839,000 after purchasing an additional 93,196 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Houghton Mifflin Harcourt by 7.5% during the 2nd quarter. United Services Automobile Association now owns 27,019 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 1,889 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at about $267,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Houghton Mifflin Harcourt during the 2nd quarter valued at about $9,684,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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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