Huron Consulting Group Inc. $HURN Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC has reduced its position in Huron Consulting Group by 78.3%, leaving it with only 920 shares valued at $132,000 as of its latest SEC filing.
• Other hedge funds have been active with Huron Consulting Group, with Algert Global LLC increasing its stake by 657.0% during the same quarter, now owning 80,965 shares worth approximately $11.6 million.
• Analysts recently downgraded Huron Consulting Group from a "buy" to a "hold" rating, although the company still holds an average rating of "buy" with a price target of $171.50.

AlphaQuest LLC decreased its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 78.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 920 shares of the business services provider's stock after selling 3,326 shares during the quarter. AlphaQuest LLC's holdings in Huron Consulting Group were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group in the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Huron Consulting Group during the first quarter worth $35,000. CWM LLC increased its position in shares of Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after acquiring an additional 146 shares during the period. Vestcor Inc purchased a new stake in shares of Huron Consulting Group during the first quarter worth $60,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Performance

NASDAQ HURN traded down $4.47 on Friday, reaching $140.68. The stock had a trading volume of 126,988 shares, compared to its average volume of 205,313. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The business's 50-day moving average price is $134.39 and its 200 day moving average price is $139.54. The stock has a market cap of $2.44 billion, a P/E ratio of 24.52 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

HURN has been the topic of a number of recent research reports. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research upped their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group currently has an average rating of "Buy" and a consensus target price of $171.50.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $136.21, for a total value of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares of the company's stock, valued at $6,921,783.57. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the sale, the insider directly owned 1,311 shares of the company's stock, valued at $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,211 shares of company stock valued at $967,191 over the last 90 days. 2.15% of the stock is owned by corporate 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.