HMH (NASDAQ:HMH) Stock Bumped Down to “Neutral” by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of HMH (NASDAQ:HMH) from an overweight rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm currently has $15.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded HMH from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Stifel Nicolaus increased their price objective on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Evercore set a $24.00 price objective on shares of HMH in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $25.80.

HMH Price Performance

Shares of HMH stock traded down $1.00 during trading on Friday, reaching $10.94. The company’s stock had a trading volume of 639,528 shares, compared to its average volume of 129,358. The stock has a 50-day moving average price of $18.36 and a two-hundred day moving average price of $19.58. The company has a current ratio of 2.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. HMH has a one year low of $10.83 and a one year high of $24.50. The stock has a market capitalization of $480.59 million and a P/E ratio of 26.05.

HMH (NASDAQ:HMH) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.14). The business had revenue of $171.08 million for the quarter. As a group, sell-side analysts anticipate that HMH will post 1.73 EPS for the current fiscal year.

Institutional Trading of HMH

A number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of HMH in the second quarter valued at approximately $12,624,000. State Street Corp acquired a new stake in shares of HMH in the second quarter valued at about $2,825,000. Readystate Asset Management LP bought a new stake in shares of HMH in the 2nd quarter valued at $1,499,000. Squarepoint Ops LLC bought a new position in shares of HMH in the 2nd quarter worth about $1,076,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in HMH during the third quarter worth $490,000.

About HMH

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.