5,295 Shares in Huron Consulting Group Inc. (NASDAQ:HURN) Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has made a new investment in Huron Consulting Group Inc., purchasing 5,295 shares valued at approximately $760,000 in the first quarter.
• A recent report indicates that analysts are overall optimistic about Huron Consulting Group, with an average rating of "Moderate Buy" and a consensus target price of $170.75.
• Huron Consulting Group's stock recently fell by 7.6%, trading at $121.98, after reporting earnings that beat analyst expectations with an EPS of $1.89.

GSA Capital Partners LLP bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,295 shares of the business services provider's stock, valued at approximately $760,000.

A number of other hedge funds also recently bought and sold shares of HURN. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group during the 4th quarter valued at $33,000. Opal Wealth Advisors LLC purchased a new stake in Huron Consulting Group in the 1st quarter worth approximately $35,000. CWM LLC lifted its stake in shares of 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. Tower Research Capital LLC TRC lifted its stake in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of Huron Consulting Group in the 1st quarter valued at approximately $114,000. Institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $0.29 during mid-day trading on Tuesday, hitting $126.84. 86,250 shares of the company traded hands, compared to its average volume of 204,555. The stock's fifty day moving average price is $136.00 and its 200-day moving average price is $138.47. Huron Consulting Group Inc. has a one year low of $101.73 and a one year 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 $2.19 billion, a price-to-earnings ratio of 22.15 and a beta of 0.26.

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 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 business had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. During the same period in the previous year, the business earned $1.68 earnings per share. The business's revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on HURN. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research raised their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $170.75.

Insider Activity

In related news, Director H Eugene Lockhart sold 1,040 shares of the business's stock in a transaction dated 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. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the completion of the sale, the director 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 disclosure for this sale can be found here. Insiders have sold 2,708 shares of company stock worth $375,161 over the last ninety days. Corporate insiders own 2.15% of the company's stock.

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.