AlphaQuest LLC Has $132,000 Stake in Huron Consulting Group Inc. $HURN

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 trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 78.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group during the first quarter worth $35,000. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group during the fourth quarter worth $33,000. CWM LLC boosted 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 purchasing an additional 146 shares in the last quarter. Vestcor Inc bought a new position in shares of Huron Consulting Group during the first quarter worth $60,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Huron Consulting Group during the first quarter worth $72,000. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HURN. Barrington Research lifted their price target 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 research note on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $171.50.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total value of $68,105.00. Following the sale, the director directly owned 50,817 shares in the company, valued at $6,921,783.57. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the sale, the director owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,211 shares of company stock valued at $967,191 over the last ninety days. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Stock Down 2.7%

HURN traded down $3.88 during trading on Friday, reaching $141.27. The company had a trading volume of 209,524 shares, compared to its average volume of 197,196. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick 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 company has a market cap of $2.45 billion, a P/E ratio of 24.65 and a beta of 0.32. The business's fifty day moving average price is $134.50 and its 200 day moving average price is $139.68.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. During the same period last year, the company earned $1.68 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.