EntryPoint Capital LLC Trims Position in Huron Consulting Group Inc. $HURN

Key Points

• EntryPoint Capital LLC reduced its stake in Huron Consulting Group Inc. by 65.1%, owning 1,859 shares valued at $267,000 as of its latest SEC filing.
• Huron Consulting Group reported an earnings per share (EPS) of $1.89, exceeding estimates and reflecting an 8.3% year-over-year revenue increase.
• Analysts have a consensus "Buy" rating for Huron Consulting Group, with price targets ranging from $171.50 to $176.00.

EntryPoint Capital LLC reduced its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 65.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,859 shares of the business services provider's stock after selling 3,465 shares during the period. EntryPoint Capital LLC's holdings in Huron Consulting Group were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Invesco Ltd. boosted its position in shares of Huron Consulting Group by 7.9% in the first quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock valued at $40,455,000 after acquiring an additional 20,680 shares during the period. Nuveen LLC bought a new stake in shares of Huron Consulting Group in the first quarter valued at about $38,511,000. Northern Trust Corp boosted its position in shares of Huron Consulting Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock valued at $31,922,000 after acquiring an additional 23,392 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of Huron Consulting Group by 0.7% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock valued at $35,047,000 after acquiring an additional 1,760 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded down $2.43 during trading hours on Thursday, hitting $135.83. 40,730 shares of the company's stock traded hands, compared to its average volume of 203,966. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 23.70 and a beta of 0.26. The company has a fifty day simple moving average of $133.80 and a 200-day simple moving average of $139.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced 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 analyst estimates of $402.67 million. During the same quarter last year, the firm posted $1.68 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HURN shares. Barrington Research boosted their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $171.50.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the completion of the sale, the director owned 51,317 shares in the company, valued at $6,625,537.87. The trade was a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,711 shares of company stock worth $624,066. 2.15% of the stock is owned by corporate insiders.

Huron Consulting Group Company 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.