The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) reached all time low today, Nov, 3 and still has $8.60 target or 8.00% below today’s $9.35 share price. This indicates more downside for the $1.12B company. This technical setup was reported by Barchart.com. If the $8.60 PT is reached, the company will be worth $89.60 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 24.60% or $3.05 during the last trading session, hitting $9.35. About 5.12 million shares traded hands or 598.73% up from the average. Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has declined 38.67% since April 1, 2016 and is downtrending. It has underperformed by 39.89% the S&P500.
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. On Wednesday, August 17 the stock rating was maintained by Citigroup with “Buy”. The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has “Buy” rating given on Thursday, September 10 by Citigroup. As per Friday, August 7, the company rating was maintained by Oppenheimer. The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) earned “Strong Sell” rating by Zacks on Tuesday, August 11. As per Monday, October 5, the company rating was initiated by Wells Fargo. BMO Capital Markets downgraded Houghton Mifflin Harcourt Co (NASDAQ:HMHC) on Friday, August 5 to “Market Perform” rating.
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 dived, 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.
Bogle Management L P De has 0.09% invested in the company for 85,165 shares. Hbk Invests Limited Partnership reported 12,400 shares or 0% of all its holdings. Teachers has invested 0.01% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Verition Fund Management Limited Liability Co holds 0.02% or 11,528 shares in its portfolio. The Illinois-based Citadel Advsrs Lc has invested 0.01% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Pitcairn last reported 13,297 shares in the company. Kcg Inc accumulated 22,963 shares or 0.01% of the stock. Glenmede Trust Na holds 0% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 280 shares. Jpmorgan Chase And Com has 0% invested in the company for 343,244 shares. Alliancebernstein L P last reported 0% of its portfolio in the stock. Credit Suisse Ag accumulated 0% or 171,146 shares. Royal Savings Bank Of Canada last reported 0% of its portfolio in the stock. Price T Rowe Associate Md has 150,987 shares for 0% of their US portfolio. Cramer Rosenthal Mcglynn Ltd Liability, a New York-based fund reported 2.12M shares. Vanguard Gru last reported 0.01% of its portfolio in the stock.
More notable recent Houghton Mifflin Harcourt Co (NASDAQ:HMHC) news were published by: Fool.com which released: “Why Shares of Houghton Mifflin Harcourt Co. Plunged Today” on November 03, 2016, also Fool.com with their article: “Houghton Mifflin Harcourt Co. Slumps on CEO Resignation” published on September 23, 2016, Prnewswire.com published: “Houghton Mifflin Harcourt Launches First K-12 Curricula Built from the Ground …” on October 12, 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 Prnewswire.com‘s news article titled: “CliffsNotes® Gets Personal; Houghton Mifflin Harcourt and BenchPrep Partner on …” with publication date: August 09, 2016.
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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