BMO Capital Downgrades Houghton Mifflin Harcourt Co to Market Perform

Brokerage firm BMO Capital Downgrades its rating on Houghton Mifflin Harcourt Co(NASDAQ:HMHC). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by BMO Capital was issued on Aug 5, 2016.

In a different note, On Aug 1, 2016, Goldman Sachs said it Upgrades its rating on Houghton Mifflin Harcourt Co. The shares have been rated ‘Buy’ by the firm.

Houghton Mifflin Harcourt Co (HMHC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.73% or 0.11 points. Due to strong positive momentum, the stock ended at $15.21, which is also near the day’s high of $15.215. The stock began the session at $15.06 and the volume stood at 6,01,487 shares. The 52-week high of the shares is $23.73 and the 52 week low is $14.4. The company has a current market capitalization of $1,860 M and it has 12,22,84,893 shares in outstanding.

Houghton Mifflin Harcourt Co(HMHC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $392.04M. Analysts had an estimated revenue of $431.29M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, John Dragoon (officer ) sold 25,000 shares at $20.41 per share price.Also, On May 4, 2016, Mary Johanna Cullinane (officer ) sold 15,000 shares at $20.29 per share price.On May 2, 2016, Linda Kay Zecher (director officer ) sold 4,984 shares at $21.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Houghton Mifflin Harcourt Company (HMH) is a global learning company specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content services and technology to both educational institutions and consumers in more than 150 countries across the world. In the United States the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George Carmen Sandiego The Oregon Trail The Little Prince The Lord of the Rings Life of Pi Webster’s New World Dictionary and Cliffs Notes.

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