Goldman Sachs Upgrades Houghton Mifflin Harcourt Co to Buy

Brokerage firm Goldman Sachs Upgrades its rating on Houghton Mifflin Harcourt Co(NASDAQ:HMHC). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Aug 1, 2016.

Houghton Mifflin Harcourt Co (HMHC) shares turned negative on Mondays trading session with the shares closing down -0.3 points or -1.96% at a volume of 11,43,063. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.35. The peak price level was also seen at $15.35 while the days lowest was $14.98. Finally the shares closed at $15.02. The 52-week high of the shares is $24.44 while the 52-week low is $14.4. According to the latest information available, the market cap of the company is $1,837 M.

Houghton Mifflin Harcourt Co(HMHC) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $205.82M. Analysts had an estimated revenue of $198.74M. Earnings per share were $-1.34. Analysts had estimated an EPS of $-1.17.

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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