Caxton Associates LLP Takes $588,000 Position in Huron Consulting Group Inc. $HURN

Key Points

• Caxton Associates LLP acquired a new position in Huron Consulting Group, purchasing 4,097 shares valued at approximately $588,000 during the 1st quarter.
• Huron Consulting Group reported $1.89 EPS for the last quarter, exceeding the consensus estimate of $1.79, while its revenue increased by 8.3% year-over-year.
• Recent analyst ratings vary, with some upgrades, like Barrington Research raising the price target from $173.00 to $176.00, while others, such as Wall Street Zen, downgraded the stock from "buy" to "hold."

Caxton Associates LLP acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,097 shares of the business services provider's stock, valued at approximately $588,000.

A number of other institutional investors have also recently added to or reduced their stakes in HURN. Ameriprise Financial Inc. lifted its position in Huron Consulting Group by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 57,273 shares of the business services provider's stock worth $7,117,000 after purchasing an additional 5,187 shares during the period. BNP Paribas Financial Markets lifted its position in Huron Consulting Group by 4.5% in the fourth quarter. BNP Paribas Financial Markets now owns 12,855 shares of the business services provider's stock worth $1,597,000 after purchasing an additional 554 shares during the period. Cetera Investment Advisers lifted its position in Huron Consulting Group by 7.6% in the fourth quarter. Cetera Investment Advisers now owns 3,021 shares of the business services provider's stock worth $375,000 after purchasing an additional 213 shares during the period. Gotham Asset Management LLC acquired a new stake in Huron Consulting Group in the fourth quarter worth approximately $213,000. Finally, Lazard Asset Management LLC lifted its position in Huron Consulting Group by 9.6% in the fourth quarter. Lazard Asset Management LLC now owns 13,260 shares of the business services provider's stock worth $1,647,000 after purchasing an additional 1,165 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN traded down $1.18 during trading on Friday, hitting $140.70. The company had a trading volume of 93,326 shares, compared to its average volume of 186,422. The company has a market cap of $2.44 billion, a P/E ratio of 24.55 and a beta of 0.32. Huron Consulting Group Inc. has a 52 week low of $102.94 and a 52 week high of $155.00. The business's 50-day moving average is $134.60 and its 200 day moving average is $139.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.10. The company had revenue of $402.50 million for the quarter, compared to analysts' expectations of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total transaction of $68,105.00. Following the sale, the director directly owned 50,817 shares of the company's stock, valued at $6,921,783.57. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kyle Featherstone sold 375 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,211 shares of company stock valued at $967,191 in the last 90 days. Company insiders own 2.15% of the company's stock.

Analysts Set New Price Targets

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

About Huron Consulting Group

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.