Graham Capital Management L.P. Purchases 1,905 Shares of Huron Consulting Group Inc. $HURN

Key Points

• Graham Capital Management L.P. increased its stake in Huron Consulting Group by 18.1%, acquiring an additional 1,905 shares, bringing its total ownership to 12,436 shares valued at approximately $1.78 million.
• Insider transactions show that directors H Eugene Lockhart and James H. Roth sold a combined total of 3,040 shares recently, indicating a 11.30% and 4.41% decrease in their respective holdings.
• Analyst upgrades include Barrington Research raising its price target for Huron Consulting Group from $173 to $176, while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.

Graham Capital Management L.P. raised its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,436 shares of the business services provider's stock after acquiring an additional 1,905 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of Huron Consulting Group worth $1,784,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Invesco Ltd. lifted its position in shares of Huron Consulting Group by 7.9% during the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after purchasing an additional 20,680 shares during the last quarter. Nuveen LLC acquired a new position in shares of Huron Consulting Group during the 1st quarter worth about $38,511,000. Northern Trust Corp lifted its position in shares of Huron Consulting Group by 10.0% during the 4th quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock worth $31,922,000 after purchasing an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of Huron Consulting Group by 0.7% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,040 shares of the company's 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 sale, the director directly owned 8,162 shares in the company, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total value of $257,960.00. Following the completion of the sale, the director owned 43,304 shares in the company, valued at approximately $5,585,349.92. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,711 shares of company stock valued at $624,066. 2.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Huron Consulting Group Trading Up 0.6%

Shares of HURN opened at $137.73 on Wednesday. Huron Consulting Group Inc. has a 12-month low of $102.58 and a 12-month high of $155.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 24.04 and a beta of 0.32. The stock's 50-day moving average price is $134.07 and its 200 day moving average price is $139.44.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same period in the previous year, the company posted $1.68 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Huron Consulting Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.