Aquatic Capital Management LLC Buys New Shares in Huron Consulting Group Inc. (NASDAQ:HURN)

Aquatic Capital Management LLC bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,911 shares of the business services provider's stock, valued at approximately $362,000.

A number of other large investors have also recently made changes to their positions in HURN. Peapack Gladstone Financial Corp bought a new position in Huron Consulting Group in the 3rd quarter valued at $220,000. Franklin Resources Inc. increased its position in shares of Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock worth $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Principal Financial Group Inc. lifted its position in Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock valued at $41,308,000 after purchasing an additional 17,146 shares during the last quarter. Nordea Investment Management AB grew its stake in Huron Consulting Group by 4.7% in the 4th quarter. Nordea Investment Management AB now owns 74,244 shares of the business services provider's stock worth $9,321,000 after buying an additional 3,346 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Huron Consulting Group by 9.1% during the 4th quarter. Diversified Trust Co now owns 5,907 shares of the business services provider's stock valued at $734,000 after buying an additional 493 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Insider Activity

In related news, Director H Eugene Lockhart sold 12,500 shares of Huron Consulting Group stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the director now directly owns 12,172 shares in the company, valued at $1,825,800. The trade was a 50.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at $11,835,927.38. This represents a 25.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,239 shares of company stock worth $11,168,801. 2.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Huron Consulting Group Trading Up 1.3 %

NASDAQ HURN traded up $1.91 on Thursday, reaching $152.70. 31,488 shares of the company were exchanged, compared to its average volume of 148,538. The stock has a market capitalization of $2.63 billion, a P/E ratio of 33.20 and a beta of 0.23. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a fifty-two week low of $84.87 and a fifty-two week high of $154.31. The business's fifty day moving average price is $143.06 and its 200 day moving average price is $130.51.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. The business had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

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.