Houghton Mifflin Harcourt (NASDAQ:HMHC) Downgraded 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 report published on Wednesday, 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 analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. BidaskClub upgraded shares of Misonix from a buy rating to a strong-buy rating in a report on Wednesday, July 3rd. Finally, TheStreet upgraded shares of Vermilion Energy from a d+ rating to a c rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $9.63.

Shares of Houghton Mifflin Harcourt stock opened at $5.37 on Wednesday. The stock has a market cap of $661.51 million, a price-to-earnings ratio of -5.07 and a beta of 0.94. Houghton Mifflin Harcourt has a twelve month low of $5.07 and a twelve month high of $10.64. The company has a 50-day moving average of $5.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.20 and a quick ratio of 0.63.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.95) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.22). The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $201.61 million. Houghton Mifflin Harcourt had a negative net margin of 8.25% and a negative return on equity of 18.93%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) EPS. On average, equities analysts anticipate that Houghton Mifflin Harcourt will post -0.54 EPS for the current fiscal year.

In other Houghton Mifflin Harcourt news, Director Lawrence K. Fish acquired 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $6.47 per share, for a total transaction of $129,400.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.69% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Houghton Mifflin Harcourt by 2.2% during the 4th quarter. BlackRock Inc. now owns 7,172,290 shares of the business services provider’s stock worth $63,546,000 after buying an additional 151,010 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Houghton Mifflin Harcourt by 34.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,894,872 shares of the business services provider’s stock worth $21,046,000 after buying an additional 739,343 shares during the last quarter. Norges Bank acquired a new stake in shares of Houghton Mifflin Harcourt during the 4th quarter worth approximately $16,439,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Houghton Mifflin Harcourt by 14.5% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,774,036 shares of the business services provider’s stock worth $12,897,000 after buying an additional 225,114 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Houghton Mifflin Harcourt by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 1,220,570 shares of the business services provider’s stock worth $10,814,000 after buying an additional 95,976 shares during the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

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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