Corient Private Wealth LP Makes New Investment in Huron Consulting Group Inc. $HURN

Key Points

• Corient Private Wealth LP initiated a stake of 31,236 Huron Consulting Group shares worth approximately $2.8 million, while institutional investors collectively own 93.9% of the company.
• Analysts remain broadly positive, with Huron carrying a consensus “Buy” rating and an average price target of $184.25. Wall Street Zen and Zacks Research recently upgraded the stock.
• Huron exceeded quarterly expectations, reporting EPS of $2.46 versus $2.17 expected and revenue of $475.04 million, up 15.7% year over year. However, CEO C. Mark Hussey sold 24,072 shares under a pre-arranged Rule 10b5-1 plan.

Corient Private Wealth LP bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,236 shares of the business services provider's stock, valued at approximately $2,816,000. Corient Private Wealth LP owned about 0.20% of Huron Consulting Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its position in shares of Huron Consulting Group by 14.9% during the fourth quarter. CWM LLC now owns 464 shares of the business services provider's stock worth $80,000 after purchasing an additional 60 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Huron Consulting Group by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 16,396 shares of the business services provider's stock valued at $2,255,000 after purchasing an additional 76 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Huron Consulting Group by 4.8% during the 4th quarter. Wedbush Securities Inc. now owns 1,861 shares of the business services provider's stock worth $322,000 after purchasing an additional 85 shares during the last quarter. Truist Financial Corp boosted its stake in Huron Consulting Group by 1.4% during the 4th quarter. Truist Financial Corp now owns 6,485 shares of the business services provider's stock worth $1,121,000 after purchasing an additional 87 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Huron Consulting Group by 3.5% during the fourth quarter. State of Wyoming now owns 3,098 shares of the business services provider's stock worth $536,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Activity at Huron Consulting Group

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HURN shares. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Barrington Research reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Truist Financial cut their price objective on shares of Huron Consulting Group to $155.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Finally, Wedbush reissued an "outperform" rating and issued a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Huron Consulting Group presently has a consensus rating of "Buy" and an average price target of $184.25.

Huron Consulting Group Stock Down 1.5%

NASDAQ HURN opened at $157.46 on Wednesday. The business's fifty day simple moving average is $130.88 and its 200-day simple moving average is $124.78. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. The firm has a market cap of $2.51 billion, a PE ratio of 23.57 and a beta of 0.07. Huron Consulting Group Inc. has a 52 week low of $84.88 and a 52 week high of $186.77.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced 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. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Huron Consulting Group's quarterly revenue was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 9.18 earnings per share for the current year.

Huron Consulting Group Profile

Huron Consulting Group NASDAQ: HURN is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron's consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron's service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

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