Algert Global LLC Buys 70,270 Shares of Huron Consulting Group Inc. $HURN

Key Points

• Algert Global LLC significantly increased its stake in Huron Consulting Group by 657% during the first quarter, purchasing 70,270 additional shares to own approximately 0.47% of the company valued at $11.6 million.
• Huron Consulting Group's shares received a mix of ratings from analysts, with one "hold" and five "buy" ratings, and a consensus price target set at $171.50.
• The company's recent earnings report showed an EPS of $1.89, surpassing expectations, with a year-over-year revenue increase of 8.3%.

Algert Global LLC grew its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 657.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,965 shares of the business services provider's stock after acquiring an additional 70,270 shares during the period. Algert Global LLC owned 0.47% of Huron Consulting Group worth $11,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HURN. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Huron Consulting Group in the 1st quarter valued at $35,000. CWM LLC lifted its stake in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Huron Consulting Group in the 1st quarter valued at $60,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total value of $257,960.00. Following the transaction, the director owned 43,304 shares in the company, valued at $5,585,349.92. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,711 shares of company stock worth $624,066. Insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Performance

HURN traded up $2.9450 during trading on Friday, hitting $138.3350. The stock had a trading volume of 48,774 shares, compared to its average volume of 201,959. The firm has a market cap of $2.39 billion, a PE ratio of 24.14 and a beta of 0.26. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a 50 day simple moving average of $133.59 and a 200-day simple moving average of $138.81.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its 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. The firm had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HURN. Wall Street Zen lowered shares of 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 shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Huron Consulting Group currently has a consensus rating of "Buy" and a consensus price target of $171.50.

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.