Huron Consulting Group Inc. $HURN Shares Sold by Great Lakes Advisors LLC

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 cut its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 21.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,600 shares of the business services provider's stock after selling 9,934 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.21% of Huron Consulting Group worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after purchasing an additional 121 shares during the period. CWM LLC increased its stake in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after purchasing an additional 146 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Huron Consulting Group by 15.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider's stock valued at $157,000 after buying an additional 148 shares during the last quarter. Aigen Investment Management LP lifted its holdings in shares of Huron Consulting Group by 10.5% during the 1st quarter. Aigen Investment Management LP now owns 1,879 shares of the business services provider's stock worth $270,000 after acquiring an additional 178 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Huron Consulting Group by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 3,021 shares of the business services provider's stock valued at $375,000 after purchasing an additional 213 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the sale, the director directly owned 51,317 shares in the company, valued at $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $137.51, for a total value of $275,020.00. Following the completion of the sale, the director directly owned 41,304 shares in the company, valued at approximately $5,679,713.04. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,211 shares of company stock worth $967,191. Insiders own 2.15% of the company's stock.

Huron Consulting Group Price Performance

Shares of HURN stock traded down $1.18 during trading hours on Friday, hitting $140.70. 93,326 shares of the company's stock were exchanged, compared to its average volume of 186,422. The firm has a 50 day moving average of $134.60 and a two-hundred day moving average of $140.06. Huron Consulting Group Inc. has a fifty-two week low of $102.94 and a fifty-two week 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 cap of $2.44 billion, a P/E ratio of 24.55 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. The business had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barrington Research raised their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Huron Consulting Group currently has an average rating of "Buy" and an average target price of $171.50.

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.