Campbell & CO Investment Adviser LLC Makes New Investment in Huron Consulting Group Inc. $HURN

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new position in Huron Consulting Group worth approximately $1.27 million, purchasing 8,827 shares and holding about 0.05% of the company.
• Huron Consulting Group reported earnings of $1.89 per share for the last quarter, surpassing analysts’ estimates, with revenue increasing by 8.3% year-over-year.
• Analysts have mixed ratings on Huron Consulting, with Barrington Research increasing their target price to $176 while Wall Street Zen downgraded their rating from “buy” to “hold.”

Campbell & CO Investment Adviser LLC acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,827 shares of the business services provider's stock, valued at approximately $1,266,000. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Huron Consulting Group at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in 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 worth $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Invesco Ltd. grew its holdings in Huron Consulting Group by 7.9% during the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after acquiring an additional 20,680 shares in the last quarter. Nuveen LLC acquired a new position in Huron Consulting Group during the 1st quarter worth $38,511,000. Northern Trust Corp grew its holdings in Huron Consulting Group by 10.0% during the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after acquiring an additional 23,392 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of 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 during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider directly owned 1,311 shares in the company, valued at $177,942.03. This trade represents a 22.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the sale, the director owned 51,317 shares in the company, valued at approximately $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,711 shares of company stock valued at $624,066. 2.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HURN shares. Barrington Research raised 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 downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group presently has an average rating of "Buy" and an average price target of $171.50.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $1.62 during mid-day trading on Friday, hitting $136.96. The stock had a trading volume of 192,745 shares, compared to its average volume of 219,964. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 23.90 and a beta of 0.26. The company has a 50 day simple moving average of $133.95 and a 200-day simple moving average of $139.26. Huron Consulting Group Inc. has a 52 week low of $102.58 and a 52 week high of $155.00. 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 (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.10. The firm had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. Huron Consulting Group's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

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.