Assenagon Asset Management S.A. Sells 111,166 Shares of Huron Consulting Group Inc. $HURN

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in Huron Consulting Group Inc. by 62.6%, selling 111,166 shares and ending up with 66,283 shares valued at approximately $9.1 million.
• Several other institutional investors have also altered their positions in Huron Consulting Group, with UBS AM increasing its stake by 149.7% during the first quarter.
• Huron Consulting reported a net margin of 6.60% and a quarterly revenue rise of 8.3% compared to the previous year, exceeding analysts' EPS expectations of $1.79 by $0.10.

Assenagon Asset Management S.A. cut its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 62.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,283 shares of the business services provider's stock after selling 111,166 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.38% of Huron Consulting Group worth $9,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Huron Consulting Group by 149.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider's stock valued at $172,079,000 after purchasing an additional 719,199 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Huron Consulting Group by 0.9% during the 4th 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 during the period. Invesco Ltd. lifted its stake in shares of Huron Consulting Group by 7.9% during the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock valued at $40,455,000 after buying an additional 20,680 shares in the last quarter. Nuveen LLC bought a new position in Huron Consulting Group in the 1st quarter worth $38,511,000. Finally, Neumeier Poma Investment Counsel LLC increased its stake in Huron Consulting Group by 0.7% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after buying an additional 1,760 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HURN. Barrington Research boosted their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $171.50.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $136.21, for a total transaction of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total transaction of $275,020.00. Following the sale, the director directly owned 41,304 shares of the company's stock, valued at $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,211 shares of company stock valued at $967,191 over the last quarter. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Trading Down 0.3%

Shares of HURN opened at $142.80 on Wednesday. The company's fifty day simple moving average is $135.59 and its 200-day simple moving average is $139.69. The company has a market cap of $2.47 billion, a P/E ratio of 24.92 and a beta of 0.32. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a twelve month low of $102.94 and a twelve month high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping 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 firm had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same period in the previous year, the company earned $1.68 EPS. The firm's revenue for the quarter 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. As a group, analysts expect 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.

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