Houghton Mifflin Harcourt (NASDAQ:HMHC) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Morgan Stanley lowered their target price on Houghton Mifflin Harcourt from $7.00 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Citigroup lowered their target price on Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, BidaskClub cut Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.50.

NASDAQ HMHC opened at $6.36 on Wednesday. The business has a fifty day moving average price of $5.69 and a 200 day moving average price of $6.44. Houghton Mifflin Harcourt has a one year low of $4.72 and a one year high of $10.64. 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 cap of $734.71 million, a P/E ratio of -6.00 and a beta of 0.87.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Houghton Mifflin Harcourt had a negative return on equity of 16.39% and a negative net margin of 9.46%. The business had revenue of $388.90 million during the quarter, compared to the consensus estimate of $399.91 million. During the same period last year, the company earned ($0.19) EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Houghton Mifflin Harcourt will post -1.3 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Houghton Mifflin Harcourt by 101.1% in the first quarter. BNP Paribas Arbitrage SA now owns 24,373 shares of the business services provider’s stock valued at $177,000 after buying an additional 12,256 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Houghton Mifflin Harcourt by 135.3% in the first quarter. SG Americas Securities LLC now owns 29,264 shares of the business services provider’s stock valued at $213,000 after buying an additional 16,827 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Houghton Mifflin Harcourt during the first quarter worth $2,690,000. IndexIQ Advisors LLC purchased a new stake in Houghton Mifflin Harcourt during the first quarter worth $1,619,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Houghton Mifflin Harcourt during the first quarter worth $287,000. 97.88% of the stock is currently owned by institutional investors and hedge funds.

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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