Advisor Resource Council Invests $986,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Advisor Resource Council acquired a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,194 shares of the business services provider's stock, valued at approximately $986,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HURN. Millennium Management LLC boosted its holdings in Huron Consulting Group by 58.7% in the fourth quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock worth $11,540,000 after acquiring an additional 34,353 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Huron Consulting Group by 61.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider's stock valued at $1,488,000 after purchasing an additional 4,550 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Huron Consulting Group by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 57,273 shares of the business services provider's stock worth $7,117,000 after purchasing an additional 5,187 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Huron Consulting Group in the 4th quarter worth approximately $211,000. Finally, JPMorgan Chase & Co. grew its position in Huron Consulting Group by 29.6% during the 4th quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock worth $12,555,000 after purchasing an additional 23,059 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Price Performance

Shares of HURN opened at $132.14 on Friday. The business's 50-day moving average is $142.87 and its two-hundred day moving average is $136.12. The company has a market capitalization of $2.28 billion, a P/E ratio of 19.81 and a beta of 0.30. Huron Consulting Group Inc. has a fifty-two week low of $96.45 and a fifty-two week high of $155.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The firm had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. During the same period last year, the company 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. Research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In related news, Director James H. Roth sold 8,641 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the completion of the sale, the director now owns 47,638 shares of the company's stock, valued at approximately $6,782,698.44. The trade was a 15.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joy Brown sold 668 shares of the stock in a transaction 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 now directly owns 8,896 shares in the company, valued at approximately $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. Insiders sold a total of 10,309 shares of company stock worth $1,468,482 in the last three months. Company insiders own 2.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HURN shares. Benchmark reaffirmed a "buy" rating and issued a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. Truist Financial upped their target price on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Barrington Research raised their price objective 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. 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 currently has an average rating of "Moderate Buy" and a consensus price target of $170.75.

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.

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