The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) hit a new 52-week low and has $11.78 target or 8.00% below today’s $12.80 share price. The 9 months bearish chart indicates high risk for the $1.52 billion company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $11.78 price target is reached, the company will be worth $121.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 149,021 shares traded hands. Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has declined 34.93% since March 30, 2016 and is downtrending. It has underperformed by 37.94% the S&P500.
Analysts await Houghton Mifflin Harcourt Co (NASDAQ:HMHC) to report earnings on November, 3. They expect $0.97 earnings per share, down 11.82% or $0.13 from last year’s $1.1 per share. HMHC’s profit will be $115.19M for 3.30 P/E if the $0.97 EPS becomes a reality. After $-0.01 actual earnings per share reported by Houghton Mifflin Harcourt Co for the previous quarter, Wall Street now forecasts -9,800.00% EPS growth.
Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Ratings Coverage
Out of 3 analysts covering Houghton Mifflin Harcourt (NASDAQ:HMHC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Houghton Mifflin Harcourt has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Thursday, September 10, the company rating was upgraded by Citigroup. The firm has “Outperform” rating given on Monday, October 5 by Wells Fargo. The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has “Buy” rating given on Wednesday, August 17 by Citigroup. As per Friday, August 7, the company rating was maintained by Oppenheimer. The company was upgraded on Tuesday, August 11 by Zacks. The firm earned “Market Perform” rating on Friday, August 5 by BMO Capital Markets.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.15, from 1.1 in 2016Q1. The ratio turned negative, as 25 funds sold all Houghton Mifflin Harcourt Co shares owned while 48 reduced positions. 26 funds bought stakes while 43 increased positions. They now own 122.11 million shares or 0.11% less from 122.24 million shares in 2016Q1.
Parametric Assocs Ltd Limited Liability Company accumulated 0% or 16,474 shares. Citigroup last reported 0% of its portfolio in the stock. Massachusetts Financial Svcs Ma holds 0.01% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 1.18 million shares. Blackrock Fund Advsrs last reported 3.05 million shares in the company. Loomis Sayles Lp holds 0.07% or 1.60M shares in its portfolio. Tower Cap Limited Liability Corporation (Trc) last reported 0.01% of its portfolio in the stock. Moreover, Macquarie Gp has 0% invested in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 117,110 shares. Lasry Marc holds 3.16 million shares or 11.55% of its portfolio. Laurion Cap Mgmt Ltd Partnership accumulated 1.15M shares or 0.28% of the stock. Lapides Asset Limited Liability Corporation owns 1.02 million shares or 2.95% of their US portfolio. Proshare Advsrs Lc has invested 0% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). The New Jersey-based Blackrock Inv Management Ltd Liability Corporation has invested 0.01% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Teachers Advsrs accumulated 0.01% or 208,871 shares. Pacific Glob Mngmt last reported 0.07% of its portfolio in the stock. Savings Bank Of New York Mellon holds 7.66 million shares or 0.04% of its portfolio.
More notable recent Houghton Mifflin Harcourt Co (NASDAQ:HMHC) news were published by: Fool.com which released: “Houghton Mifflin Harcourt Co. Slumps on CEO Resignation” on September 23, 2016, also Prnewswire.com with their article: “Houghton Mifflin Harcourt Launches First K-12 Curricula Built from the Ground …” published on October 12, 2016, Bostonglobe.com published: “The 2016 top 100 women-led businesses in Massachusetts” on May 20, 2016. More interesting news about Houghton Mifflin Harcourt Co (NASDAQ:HMHC) were released by: Fool.com and their article: “Why Shares of Houghton Mifflin Harcourt Tumbled Today” published on August 04, 2016 as well as Fool.com‘s news article titled: “Better Stock in Book Publishing: Scholastic Corp. or Houghton Mifflin Harcourt Co?” with publication date: December 20, 2015.
HMHC Company Profile
Houghton Mifflin Harcourt Company (HMH), incorporated on December 23, 2009, is a global learning company, specializing in education solutions across a range of media. The Firm operates through two divisions: Education and Trade Publishing. The Firm delivers content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world. In the United States, the Company is a well-known provider of kindergarten through 12th grade (K-12) educational content. The Company’s trade, general interest, young readers and reference material include adult and children’s fiction and non-fiction books. The Company’s content includes national education programs, such as Collections, GO! Math, READ 180 and Channel One News, as well as characters and titles, such as Curious George, Carmen Sandiego, The Little Prince, The Lord of the Rings, Life of Pi, Webster’s New World Dictionary and Cliffs Notes. It sells its services and products across multiple media and distribution channels.
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