27,801 Shares in Huron Consulting Group Inc. (NASDAQ:HURN) Bought by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC acquired 27,801 shares of Huron Consulting Group Inc., valued at approximately $3.99 million, during the first quarter, increasing their stake to 0.16% of the company.
• Huron Consulting Group's quarterly earnings exceeded expectations, reporting an EPS of $1.89, beating the consensus estimate of $1.79.
• Analysts have mixed perspectives on Huron's stock; while Barrington Research upgraded its price target, Wall Street Zen downgraded it from a "buy" to a "hold" rating.

Informed Momentum Co LLC acquired a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 27,801 shares of the business services provider's stock, valued at approximately $3,988,000. Informed Momentum Co LLC owned about 0.16% of Huron Consulting Group at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nuveen LLC acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $38,511,000. Aigen Investment Management LP grew its stake in shares of Huron Consulting Group by 10.5% in the 1st quarter. Aigen Investment Management LP now owns 1,879 shares of the business services provider's stock worth $270,000 after purchasing an additional 178 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $463,000. Invesco Ltd. grew its stake in shares of Huron Consulting Group by 7.9% in the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after purchasing an additional 20,680 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its stake in shares of Huron Consulting Group by 0.7% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Trading Down 3.0%

Shares of HURN stock traded down $4.10 during trading hours on Thursday, reaching $132.90. 180,807 shares of the stock traded hands, compared to its average volume of 205,497. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00. The business has a fifty day moving average price of $134.18 and a 200 day moving average price of $138.55. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.30 billion, a PE ratio of 23.19 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same period last year, the company posted $1.68 earnings per share. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Upgrades and Downgrades

HURN has been the topic of several analyst reports. Barrington Research lifted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.50.

Insider Activity at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total transaction of $257,960.00. Following the transaction, the director directly owned 43,304 shares of the company's stock, valued at approximately $5,585,349.92. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joy Brown sold 668 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the transaction, the director directly owned 8,896 shares in the company, valued at $1,332,087.04. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,708 shares of company stock valued at $633,121. Company insiders own 2.15% of the company's stock.

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.