StockNews.com Begins Coverage on Houghton Mifflin Harcourt (NASDAQ:HMHC)

StockNews.com started coverage on shares of Houghton Mifflin Harcourt (NASDAQ:HMHCGet Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the business services provider’s stock.

Other analysts have also issued research reports about the company. Citigroup upped their price objective on Houghton Mifflin Harcourt from $17.50 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, March 16th. BMO Capital Markets downgraded Houghton Mifflin Harcourt from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.00 to $19.00 in a report on Thursday, February 24th.

Shares of HMHC opened at $21.03 on Wednesday. The company has a market cap of $2.69 billion, a P/E ratio of 13.06 and a beta of 1.13. The stock has a fifty day moving average price of $20.81 and a 200 day moving average price of $17.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.39 and a quick ratio of 1.18. Houghton Mifflin Harcourt has a 12 month low of $6.85 and a 12 month high of $21.19.

Houghton Mifflin Harcourt (NASDAQ:HMHCGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The business services provider reported ($0.36) EPS for the quarter. Houghton Mifflin Harcourt had a return on equity of 0.81% and a net margin of 20.33%. The company had revenue of $178.81 million for the quarter.

In other Houghton Mifflin Harcourt news, CEO John J. Lynch, Jr. sold 27,082 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $20.91, for a total value of $566,284.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James P. Oneill sold 6,237 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $20.91, for a total value of $130,415.67. The disclosure for this sale can be found here. Insiders have sold 50,838 shares of company stock worth $1,063,023 over the last three months. 2.31% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of HMHC. Allspring Global Investments Holdings LLC acquired a new position in Houghton Mifflin Harcourt in the 4th quarter worth about $20,412,000. Vector Capital Management L.P. acquired a new position in shares of Houghton Mifflin Harcourt during the 3rd quarter valued at about $9,441,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Houghton Mifflin Harcourt during the 4th quarter valued at about $10,973,000. Wolf Hill Capital Management LP increased its holdings in shares of Houghton Mifflin Harcourt by 58.0% during the 4th quarter. Wolf Hill Capital Management LP now owns 1,643,786 shares of the business services provider’s stock valued at $26,465,000 after acquiring an additional 603,240 shares during the last quarter. Finally, Venor Capital Management LP acquired a new position in shares of Houghton Mifflin Harcourt during the 4th quarter valued at about $2,268,000. 85.91% of the stock is currently owned by institutional investors.

About Houghton Mifflin Harcourt (Get Rating)

Houghton Mifflin Harcourt Company, a learning technology company, provides curriculum, supplemental, intervention solutions, and professional learning services worldwide. It offers education programs in disciplines including reading, literature, math, science, and social studies; and extensions, such as supplemental and intervention solutions, professional services, professional resources, and educational services for teachers under the Heinemann brand.

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