Corient Private Wealth LP Buys Shares of 31,227 Huron Consulting Group Inc. $HURN

Key Points

• Corient Private Wealth LP purchased 31,227 Huron Consulting Group shares worth approximately $2.8 million, giving it a 0.20% stake. Institutional investors collectively own 93.90% of the company.
• CEO C. Hussey sold 24,072 shares for nearly $4.0 million under a pre-arranged Rule 10b5-1 plan, while another insider sold 459 shares; insiders retain a 2.07% ownership stake.
• Huron exceeded quarterly expectations with adjusted EPS of $2.46 versus $2.17 expected and revenue of $475.04 million, up 15.7% year over year. Analysts maintain a consensus “Buy” rating with a $184.25 price target.

Corient Private Wealth LP bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,227 shares of the business services provider's stock, valued at approximately $2,815,000. Corient Private Wealth LP owned about 0.20% of Huron Consulting Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming lifted its stake in shares of Huron Consulting Group by 3.5% during the 4th quarter. State of Wyoming now owns 3,098 shares of the business services provider's stock worth $536,000 after acquiring an additional 105 shares during the last quarter. OLD National Bancorp IN grew its position in Huron Consulting Group by 9.8% in the 1st quarter. OLD National Bancorp IN now owns 1,585 shares of the business services provider's stock valued at $202,000 after acquiring an additional 142 shares during the last quarter. Keybank National Association OH increased its stake in Huron Consulting Group by 5.6% in the first quarter. Keybank National Association OH now owns 3,789 shares of the business services provider's stock worth $483,000 after purchasing an additional 200 shares during the period. ProShare Advisors LLC increased its stake in Huron Consulting Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 3,117 shares of the business services provider's stock worth $539,000 after purchasing an additional 201 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Huron Consulting Group by 11,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider's stock worth $41,000 after purchasing an additional 238 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO C. Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer directly owned 74,399 shares in the company, valued at approximately $12,319,730.41. This trade represents a 24.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the completion of the transaction, the insider directly owned 1,050 shares of the company's stock, valued at approximately $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.07% of the company's stock.

Huron Consulting Group Trading Up 0.5%

NASDAQ:HURN opened at $159.18 on Tuesday. The firm has a 50-day simple moving average of $146.26 and a 200-day simple moving average of $126.85. Huron Consulting Group Inc. has a one year low of $84.88 and a one year high of $186.77. The firm has a market cap of $2.53 billion, a P/E ratio of 23.83 and a beta of 0.07. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.71 and a current ratio of 1.71.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.29. The firm had revenue of $475.04 million for the quarter, compared to the consensus estimate of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The company's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Equities analysts anticipate that Huron Consulting Group Inc. will post 9.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HURN. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Huron Consulting Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, September 3rd. Zacks Research upgraded Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Truist Financial dropped their price objective on Huron Consulting Group to $155.00 and set a "buy" rating on the stock in a research note on Tuesday, June 9th. Finally, Barrington Research reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $184.25.

Huron Consulting Group Profile

Huron Consulting Group Inc NASDAQ: HURN is a professional services firm that helps organizations improve performance, manage change and address complex business challenges. The company works with clients across the healthcare, education, commercial and public sectors, providing consulting, technology and managed services.

Huron's services include strategic planning, operational improvement, organizational transformation, financial and performance management, data and analytics, and technology implementation.

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