Great Lakes Advisors LLC Invests $2.61 Million in Huron Consulting Group Inc. $HURN

Key Points

• Great Lakes Advisors acquired 28,945 Huron Consulting Group shares worth approximately $2.61 million, giving it a 0.18% stake. Institutional investors and hedge funds collectively own 93.90% of HURN.
• Huron’s CEO and another insider sold shares totaling roughly $4.06 million under a pre-arranged trading plan; corporate insiders own 2.07% of the company.
• Huron reported quarterly EPS of $2.46, exceeding the $2.17 estimate, while revenue rose 15.7% year over year to $475.04 million. Analysts maintain a consensus “Buy” rating with a $184.25 price target, versus a $162.45 opening price.

Great Lakes Advisors LLC bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 28,945 shares of the business services provider's stock, valued at approximately $2,610,000. Great Lakes Advisors LLC owned approximately 0.18% of Huron Consulting Group at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Strs Ohio acquired a new stake in Huron Consulting Group during the fourth quarter valued at $35,000. Brown Brothers Harriman & Co. acquired a new position in shares of Huron Consulting Group in the third quarter worth about $35,000. Advisory Services Network LLC purchased a new stake in shares of Huron Consulting Group during the 3rd quarter worth about $36,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Huron Consulting Group during the 4th quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Huron Consulting Group by 11,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider's stock valued at $41,000 after acquiring an additional 238 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 24,072 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer directly owned 74,399 shares of the company's stock, valued at approximately $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the transaction, the insider owned 1,050 shares in the company, valued at $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HURN shares. Zacks Research upgraded Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Barrington Research reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Huron Consulting Group in a research report on Friday, August 7th. Wall Street Zen raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Wedbush reissued an "outperform" rating and issued a $160.00 price target on shares of Huron Consulting Group in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $184.25.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $162.45 on Friday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 24.32 and a beta of 0.06. The business has a 50 day simple moving average of $121.28 and a two-hundred day simple moving average of $124.77. Huron Consulting Group Inc. has a 12 month low of $84.88 and a 12 month high of $186.77. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.29. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The firm had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. During the same period in the previous year, the company posted $1.89 earnings per share. The business's revenue was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. As a group, analysts predict that Huron Consulting Group Inc. will post 9.18 EPS for the current fiscal year.

Huron Consulting Group Profile

Huron Consulting Group NASDAQ: HURN is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron's consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron's service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source