Informed Momentum Co LLC Purchases New Position in Huron Consulting Group Inc. (NASDAQ:HURN)

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 purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 institutional investors and hedge funds have also bought and sold shares of the stock. Sowell Financial Services LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $203,000. KBC Group NV purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $128,000. Lisanti Capital Growth LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $4,626,000. GSA Capital Partners LLP purchased a new position in shares of Huron Consulting Group in the 1st quarter valued at approximately $760,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Huron Consulting Group by 32.5% in the 1st quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider's stock valued at $4,559,000 after purchasing an additional 7,788 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research lifted their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.50.

Huron Consulting Group Stock Up 0.2%

Shares of Huron Consulting Group stock traded up $0.27 on Friday, reaching $133.17. The company's stock had a trading volume of 161,090 shares, compared to its average volume of 198,551. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 23.24 and a beta of 0.26. The firm's fifty day simple moving average is $133.80 and its two-hundred day simple moving average is $138.62. Huron Consulting Group Inc. has a 52 week low of $102.58 and a 52 week high of $155.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35.

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

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the sale, the director owned 51,317 shares of the company's stock, valued at approximately $6,625,537.87. The trade was a 0.96% decrease in their ownership of the stock. The transaction 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 dated Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total value of $100,026.32. Following the sale, the director directly owned 8,896 shares of the company's stock, valued at $1,332,087.04. This represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,708 shares of company stock worth $633,121 in the last three months. 2.15% of the stock is owned by insiders.

About Huron Consulting Group

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.