Zacks Investment Research lowered shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a buy rating to a hold rating in a research note released on Thursday.
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. “
HMHC has been the subject of several other reports. Citigroup cut their price target on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a buy rating for the company in a report on Friday, November 3rd. BidaskClub lowered shares of Houghton Mifflin Harcourt from a sell rating to a strong sell rating in a research report on Friday, January 19th. Piper Jaffray Companies restated a hold rating and set a $14.00 target price on shares of Houghton Mifflin Harcourt in a research report on Friday, November 3rd. ValuEngine upgraded shares of Houghton Mifflin Harcourt from a strong sell rating to a sell rating in a research report on Saturday, November 4th. Finally, Morgan Stanley lowered their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an equal weight rating on the stock in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Houghton Mifflin Harcourt has a consensus rating of Hold and an average target price of $12.29.
Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in Houghton Mifflin Harcourt by 25.1% during the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock worth $106,000 after buying an additional 1,729 shares during the period. Verition Fund Management LLC acquired a new position in Houghton Mifflin Harcourt during the second quarter worth about $128,000. Jane Street Group LLC acquired a new position in Houghton Mifflin Harcourt during the fourth quarter worth about $104,000. Atria Investments LLC acquired a new position in Houghton Mifflin Harcourt during the fourth quarter worth about $110,000. Finally, SG Americas Securities LLC acquired a new position in Houghton Mifflin Harcourt during the fourth quarter worth about $130,000.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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