Graham Capital Management L.P. Buys 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. increased its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,436 shares of the business services provider's stock after acquiring an additional 1,905 shares during the quarter. Graham Capital Management L.P. owned 0.07% of Huron Consulting Group worth $1,784,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group in the 1st quarter valued at $35,000. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the 4th quarter valued at $33,000. CWM LLC grew its position in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares during the period. Finally, Vestcor Inc acquired a new stake in Huron Consulting Group in the 1st quarter valued at $60,000. Institutional investors own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In related news, insider Kyle Featherstone sold 375 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total value of $275,020.00. Following the completion of the sale, the director owned 41,304 shares in the company, valued at $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,211 shares of company stock valued at $967,191. 2.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HURN shares. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $171.50.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $1.06 during midday trading on Monday, reaching $140.21. The stock had a trading volume of 16,219 shares, compared to its average volume of 204,769. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00. The firm's 50-day moving average price is $134.50 and its 200 day moving average price is $139.76. The firm has a market capitalization of $2.43 billion, a PE ratio of 24.47 and a beta of 0.32. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $402.50 million for the quarter, compared to analysts' expectations of $402.67 million. During the same period in the previous year, the business posted $1.68 EPS. The firm'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 fiscal year.

About Huron Consulting Group

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.