Notable Price Action: Could Houghton Mifflin Harcourt Co Change Direction After Today’s Huge Decline?

Notable Price Action: Could Houghton Mifflin Harcourt Co Change Direction After Today's Huge Decline?

The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) is a huge mover today! The stock decreased 3.08% or $0.35 during the last trading session, hitting $11. About 1.28M shares traded hands or 33.76% up from the average. Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has declined 43.95% since April 14, 2016 and is downtrending. It has underperformed by 48.64% the S&P500.
The move comes after 5 months negative chart setup for the $1.32B company. It was reported on Nov, 16 by Barchart.com. We have $10.23 PT which if reached, will make NASDAQ:HMHC worth $92.40 million less.

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. The company was upgraded on Thursday, September 10 by Citigroup. The company was downgraded on Friday, August 5 by BMO Capital Markets. The stock of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has “Strong Sell” rating given on Tuesday, August 11 by Zacks. Wells Fargo initiated the stock with “Outperform” rating in Monday, October 5 report. As per Wednesday, August 17, the company rating was maintained by Citigroup. The firm has “Buy” rating given on Friday, August 7 by Oppenheimer.

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.
The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). The New York-based Ny State Common Retirement Fund has invested 0.01% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). The Massachusetts-based Bogle Inv Management L P De has invested 0.09% in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Ares Mngmt Ltd Llc last reported 82,311 shares in the company. Rhumbline Advisers holds 0.01% or 138,370 shares in its portfolio. Da Davidson And accumulated 0% or 2,000 shares. Ameriprise Financial Incorporated has invested 0.02% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC). Macquarie Group Inc Limited has 0% invested in the company for 117,110 shares. Glenhill Advsr Limited Liability Corporation, a New York-based fund reported 7.87M shares. Airain Limited has 10,875 shares for 0.01% of their US portfolio. Alliancebernstein L P accumulated 208,000 shares or 0% of the stock. Blackrock Inv Mngmt Ltd Liability Co last reported 478,070 shares in the company. Nokota Mngmt Lp reported 899,723 shares or 0.53% of all its holdings. Lasry Marc holds 11.55% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 3.16M shares. State Street Corp holds 0% of its portfolio in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) for 2.21M shares.

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, Fool.com published: “Why Shares of Houghton Mifflin Harcourt Tumbled Today” on August 04, 2016. More interesting news about Houghton Mifflin Harcourt Co (NASDAQ:HMHC) were released by: Prnewswire.com and their article: “CliffsNotes¬ģ Gets Personal; Houghton Mifflin Harcourt and BenchPrep Partner on …” published on August 09, 2016 as well as Prnewswire.com‘s news article titled: “Houghton Mifflin Harcourt Launches First K-12 Curricula Built from the Ground …” with publication date: October 12, 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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