Great Lakes Advisors LLC Lowers Stock Position in Huron Consulting Group Inc. $HURN

Key Points

• Great Lakes Advisors LLC reduced its stake in Huron Consulting Group by 21.8%, selling 9,934 shares and ending up with 35,600 shares valued at $5,107,000.
• Insider sales revealed a 22.24% decrease in Kyle Featherstone's holdings, and a 0.97% decrease for John McCartney, highlighting recent insider activity in the company.
• Huron Consulting Group reported an EPS of $1.89 for its last quarter, exceeding estimates, and set a guidance range for FY 2025 EPS between 7.300-7.70.

Great Lakes Advisors LLC reduced its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 21.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,600 shares of the business services provider's stock after selling 9,934 shares during the period. Great Lakes Advisors LLC owned 0.21% of Huron Consulting Group worth $5,107,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Huron Consulting Group in the first quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new stake in Huron Consulting Group in the first quarter valued at approximately $35,000. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $33,000. CWM LLC grew its position in shares of Huron Consulting Group by 55.9% in the first 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 last quarter. Finally, Vestcor Inc acquired a new stake in Huron Consulting Group during the first quarter worth approximately $60,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barrington Research raised their target price 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. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $171.50.

Insider Activity

In related news, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total transaction of $50,898.75. Following the completion of the sale, the insider owned 1,311 shares of the company's stock, valued at $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $136.21, for a total transaction of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares of the company's stock, valued at approximately $6,921,783.57. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,211 shares of company stock valued at $967,191. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Performance

HURN stock traded up $0.35 during midday trading on Monday, reaching $141.05. 28,307 shares of the company's stock traded hands, compared to its average volume of 202,816. The company has a 50-day moving average price of $134.60 and a two-hundred day moving average price of $139.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99. Huron Consulting Group Inc. has a 52 week low of $102.94 and a 52 week high of $155.00. The firm has a market capitalization of $2.44 billion, a PE ratio of 24.57 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $402.50 million for the quarter, compared to analysts' expectations of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.