BloombergSen Inc. Invests $32.16 Million in Huron Consulting Group Inc. $HURN

Key Points

• BloombergSen Inc. invested approximately $32.16 million to acquire 233,802 shares of Huron Consulting Group in the 2nd quarter, making it the fund's 14th largest position.
• Huron Consulting Group reported a Q2 EPS of $1.89, beating estimates, and showed a revenue increase of 8.3% compared to the previous year, setting FY 2025 EPS guidance between 7.300-7.70.
• Analysts are bullish on Huron with a consensus target price of $171.50 and an average rating of "Buy," despite some recent downgrades from "buy" to "hold" by others.

BloombergSen Inc. purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 233,802 shares of the business services provider's stock, valued at approximately $32,157,000. Huron Consulting Group comprises approximately 2.0% of BloombergSen Inc.'s holdings, making the stock its 14th biggest position. BloombergSen Inc. owned approximately 1.36% of Huron Consulting Group at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in shares of Huron Consulting Group during the 1st quarter valued at about $203,000. KBC Group NV purchased a new position in shares of Huron Consulting Group during the 1st quarter valued at approximately $128,000. Lisanti Capital Growth LLC acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $4,626,000. GSA Capital Partners LLP acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $760,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $3,988,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Stock Up 0.6%

HURN stock opened at $147.62 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $2.56 billion, a P/E ratio of 25.76 and a beta of 0.29. The business has a 50-day moving average of $137.23 and a 200-day moving average of $139.73. Huron Consulting Group Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $155.00.

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 for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $1.68 earnings per share. Huron Consulting Group'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. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HURN shares. Barrington Research increased their target price 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. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $171.50.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $136.21, for a total transaction of $68,105.00. Following the sale, the director owned 50,817 shares in the company, valued at approximately $6,921,783.57. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $137.51, for a total value of $275,020.00. Following the sale, the director owned 41,304 shares in the company, valued at $5,679,713.04. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,671 shares of company stock worth $756,611. Corporate insiders own 2.15% of the company's stock.

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.

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