Algert Global LLC Cuts Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Algert Global LLC lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,695 shares of the business services provider's stock after selling 5,065 shares during the quarter. Algert Global LLC owned 0.06% of Huron Consulting Group worth $1,329,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HURN. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $204,000. Xponance Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $204,000. Finally, Two Sigma Securities LLC purchased a new stake in Huron Consulting Group during the fourth quarter valued at approximately $209,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Price Performance

HURN stock traded down $3.40 during trading on Tuesday, hitting $149.80. 175,868 shares of the company's stock traded hands, compared to its average volume of 149,298. Huron Consulting Group Inc. has a 52 week low of $84.87 and a 52 week high of $156.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business has a fifty day simple moving average of $143.38 and a 200 day simple moving average of $131.94. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 32.57 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $133.63, for a total value of $66,815.00. Following the transaction, the director now owns 51,621 shares of the company's stock, valued at $6,898,114.23. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James H. Roth sold 8,641 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total transaction of $1,230,305.58. Following the completion of the transaction, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This represents a 15.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,239 shares of company stock valued at $11,168,801 in the last 90 days. Company insiders own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research upped their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Truist Financial upped their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Wedbush upped their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.