Houghton Mifflin Harcourt (NASDAQ:HMHC) is set to issue its quarterly earnings data before the market opens on Thursday, February 25th. Parties that wish to listen to the company’s conference call can do so using this link.
Houghton Mifflin Harcourt stock opened at $6.49 on Thursday. The firm has a market cap of $816.77 million, a PE ratio of -1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 3.49, a quick ratio of 0.94 and a current ratio of 1.23. The firm’s 50 day moving average price is $4.77 and its two-hundred day moving average price is $3.23. Houghton Mifflin Harcourt has a twelve month low of $1.03 and a twelve month high of $6.85.
In other Houghton Mifflin Harcourt news, major shareholder Anchorage Capital Group, L.L.C sold 19,465,570 shares of the stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $3.22, for a total value of $62,679,135.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Allen purchased 97,378 shares of Houghton Mifflin Harcourt stock in a transaction on Thursday, December 3rd. The stock was bought at an average cost of $3.38 per share, with a total value of $329,137.64. Following the completion of the acquisition, the director now owns 97,378 shares in the company, valued at $329,137.64. The disclosure for this purchase can be found here. 1.77% of the stock is currently owned by corporate insiders.
Several analysts have commented on HMHC shares. Smith Barney Citigroup boosted their target price on shares of Houghton Mifflin Harcourt from $3.00 to $3.45 in a research report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Houghton Mifflin Harcourt from $3.00 to $3.45 in a research report on Tuesday, December 15th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $2.77.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, intervention solutions, and professional learning services worldwide. The company operates in two segments, Education and HMH Books & Media. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.
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