Gotham Asset Management LLC Makes New Investment in Huron Consulting Group Inc. (NASDAQ:HURN)

Gotham Asset Management LLC bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,714 shares of the business services provider's stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HURN. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC grew its holdings in shares of Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $204,000. Xponance Inc. acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $204,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. The trade was a 25.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 12,500 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the director now directly owns 12,172 shares in the company, valued at $1,825,800. This trade represents a 50.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,907 shares of company stock worth $11,268,827. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock traded up $4.65 during midday trading on Tuesday, hitting $153.61. 370,707 shares of the company were exchanged, compared to its average volume of 151,337. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.65 billion, a P/E ratio of 33.39 and a beta of 0.23. Huron Consulting Group Inc. has a 52 week low of $85.35 and a 52 week high of $155.00. The firm has a 50 day simple moving average of $144.08 and a 200-day simple moving average of $134.21.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. During the same quarter in the previous year, the company posted $1.23 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. Research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HURN. Truist Financial lifted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Barrington Research raised their target price on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Wedbush raised their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Huron Consulting Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

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.