Assenagon Asset Management S.A. Purchases 38,163 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Assenagon Asset Management S.A. increased its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 27.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,449 shares of the business services provider's stock after purchasing an additional 38,163 shares during the period. Assenagon Asset Management S.A. owned approximately 0.99% of Huron Consulting Group worth $25,455,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HURN. Franklin Resources Inc. boosted its stake in shares of Huron Consulting Group by 16.4% in the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock valued at $57,240,000 after purchasing an additional 64,862 shares in the last quarter. Norges Bank purchased a new stake in Huron Consulting Group during the 4th quarter valued at $7,427,000. Sunriver Management LLC boosted its position in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after buying an additional 46,968 shares during the period. Millennium Management LLC boosted its position in Huron Consulting Group by 58.7% during the 4th quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock valued at $11,540,000 after buying an additional 34,353 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in Huron Consulting Group during the 4th quarter valued at $3,059,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Trading Up 0.5%

Shares of NASDAQ:HURN traded up $0.71 on Monday, hitting $135.41. The company had a trading volume of 153,856 shares, compared to its average volume of 154,644. The firm's 50-day simple moving average is $143.67 and its two-hundred day simple moving average is $135.93. Huron Consulting Group Inc. has a 1 year low of $94.31 and a 1 year high of $155.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 29.44 and a beta of 0.30.

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 net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. During the same period last year, the company posted $1.23 EPS. The company's quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HURN has been the subject of several analyst reports. Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Benchmark reissued a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush increased their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Barrington Research increased their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $170.75.

Insider Transactions at Huron Consulting Group

In related news, Director Joy Brown sold 668 shares of the 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 completion of the transaction, the director now directly owns 8,896 shares in the company, valued at $1,332,087.04. This trade represents a 6.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 8,642 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total transaction of $1,289,991.34. Following the completion of the transaction, the director now owns 56,279 shares of the company's stock, valued at approximately $8,400,766.33. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,951 shares of company stock valued at $2,758,473. Company insiders own 2.15% of the company's stock.

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.