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

Assenagon Asset Management S.A. boosted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 27.4% during the 1st quarter, according to its most recent Form 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 about 0.99% of Huron Consulting Group worth $25,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Huron Consulting Group by 5.8% during the first quarter. Rhumbline Advisers now owns 26,280 shares of the business services provider's stock valued at $3,770,000 after purchasing an additional 1,447 shares in the last quarter. BTC Capital Management Inc. purchased a new position in Huron Consulting Group during the first quarter valued at $243,000. GAMMA Investing LLC lifted its position in Huron Consulting Group by 19,721.8% during the first quarter. GAMMA Investing LLC now owns 10,902 shares of the business services provider's stock valued at $15,640,000 after purchasing an additional 10,847 shares in the last quarter. Wellington Management Group LLP lifted its position in Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock valued at $502,000 after purchasing an additional 121 shares in 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 Huron Consulting Group stock traded down $1.86 during trading hours on Friday, hitting $134.70. The company's stock had a trading volume of 140,591 shares, compared to its average volume of 154,647. Huron Consulting Group Inc. has a 12-month low of $94.31 and a 12-month high of $155.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The business has a 50 day moving average price of $143.67 and a two-hundred day moving average price of $135.84. The company has a market cap of $2.32 billion, a PE ratio of 29.28 and a beta of 0.30.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The business's revenue was up 11.2% compared to the same quarter last year. Analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 8,642 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 56,279 shares of the company's stock, valued at $8,400,766.33. The trade was a 13.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $133.63, for a total value of $66,815.00. Following the sale, the director now directly owns 51,621 shares in the company, valued at $6,898,114.23. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,951 shares of company stock valued at $2,758,473. 2.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HURN has been the topic of several analyst reports. Truist Financial lifted 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. Wedbush boosted their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Barrington Research boosted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group 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.