Freestone Grove Partners LP Buys Shares of 13,907 Huron Consulting Group Inc. $HURN

Key Points

• Freestone Grove Partners acquired 13,907 Huron Consulting Group shares worth approximately $1.25 million, while institutional investors collectively owned 93.9% of the company.
• Huron reported strong quarterly results, with earnings of $2.46 per share and revenue of $475.04 million, exceeding analyst estimates; revenue increased 15.7% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $184.25, despite recent insider sales by the CEO and another executive.

Freestone Grove Partners LP purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,907 shares of the business services provider's stock, valued at approximately $1,254,000. Freestone Grove Partners LP owned 0.09% of Huron Consulting Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of Huron Consulting Group by 14.9% in the fourth quarter. CWM LLC now owns 464 shares of the business services provider's stock worth $80,000 after acquiring an additional 60 shares during the last quarter. California State Teachers Retirement System increased its position in Huron Consulting Group by 0.5% during the second quarter. California State Teachers Retirement System now owns 16,396 shares of the business services provider's stock worth $2,255,000 after acquiring an additional 76 shares during the period. Wedbush Securities Inc. raised 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 valued at $322,000 after purchasing an additional 85 shares during the last quarter. Truist Financial Corp raised 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 valued at $1,121,000 after purchasing an additional 87 shares during the last quarter. Finally, State of Wyoming boosted its holdings in Huron Consulting Group by 3.5% in the 4th quarter. State of Wyoming now owns 3,098 shares of the business services provider's stock valued at $536,000 after purchasing an additional 105 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $159.84 on Friday. Huron Consulting Group Inc. has a twelve month low of $84.88 and a twelve month high of $186.77. 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 stock has a market cap of $2.54 billion, a P/E ratio of 23.93 and a beta of 0.06. The company's 50-day simple moving average is $128.25 and its 200 day simple moving average is $124.70.

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 for the quarter, beating analysts' consensus estimates of $2.17 by $0.29. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The company had revenue of $475.04 million for the quarter, compared to the consensus estimate of $448.98 million. During the same period in the previous year, the business earned $1.89 earnings per share. The company'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, research analysts forecast that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Huron Consulting Group

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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