BidaskClub cut shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a buy rating to a hold rating in a research note published on Friday morning, BidAskClub reports.

A number of other analysts also recently issued reports on the company. ValuEngine downgraded Houghton Mifflin Harcourt from a hold rating to a sell rating in a research report on Wednesday, September 11th. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a hold rating to a sell rating in a research report on Friday, September 6th. Citigroup cut their price objective 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. Finally, Morgan Stanley cut their price objective on Houghton Mifflin Harcourt from $7.00 to $6.50 and set an equal weight rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Houghton Mifflin Harcourt has an average rating of Hold and an average price target of $8.50.

Shares of NASDAQ:HMHC opened at $5.34 on Friday. The business has a 50-day moving average price of $5.72 and a 200 day moving average price of $6.34. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 0.80. Houghton Mifflin Harcourt has a 12-month low of $4.72 and a 12-month high of $10.64.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data 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. The firm had revenue of $388.90 million during the quarter, compared to the consensus estimate of $399.91 million. Houghton Mifflin Harcourt had a negative return on equity of 16.39% and a negative net margin of 9.46%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned ($0.19) EPS. Equities analysts predict that Houghton Mifflin Harcourt will post -1.3 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of HMHC. Aperio Group LLC acquired a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth about $41,000. Envestnet Asset Management Inc. acquired a new position in Houghton Mifflin Harcourt during the second quarter worth approximately $63,000. Acadian Asset Management LLC increased its holdings in shares of Houghton Mifflin Harcourt by 40.5% in the second quarter. Acadian Asset Management LLC now owns 18,033 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 5,201 shares during the period. Ruffer LLP acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter valued at approximately $107,000. Finally, United Services Automobile Association increased its holdings in shares of Houghton Mifflin Harcourt by 7.5% in the second 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 during the period. 95.55% 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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