Brevan Howard Capital Management LP Invests $255,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Brevan Howard Capital Management LP bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,055 shares of the business services provider's stock, valued at approximately $255,000.

Several other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC lifted its position in Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after acquiring an additional 122 shares during the period. Cibc World Markets Corp bought a new stake in Huron Consulting Group during the fourth quarter worth about $204,000. Xponance Inc. purchased a new stake in Huron Consulting Group in the fourth quarter worth about $204,000. Finally, Two Sigma Securities LLC bought a new position in shares of Huron Consulting Group during the fourth quarter valued at approximately $209,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $1.51 during trading hours on Thursday, reaching $148.05. The company had a trading volume of 164,325 shares, compared to its average volume of 209,218. The firm's 50 day moving average price is $143.33 and its 200-day moving average price is $132.04. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 32.18 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 52 week low of $84.87 and a 52 week high of $155.00.

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

Insider Activity

In related news, Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the director now owns 12,172 shares in the company, valued at approximately $1,825,800. This trade represents a 50.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company's stock, valued at approximately $8,416,127.44. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,239 shares of company stock valued at $11,168,801 in the last quarter. 2.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HURN has been the topic of several recent research reports. Barrington Research upped their price target on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Truist Financial raised their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a 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 note on Wednesday, March 26th. Benchmark reiterated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, StockNews.com downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Huron Consulting Group presently has an average rating of "Moderate Buy" and a consensus target price of $170.75.

Huron Consulting Group Company 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.