GSA Capital Partners LLP Invests $760,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

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 purchased a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,295 shares of the business services provider's stock, valued at approximately $760,000.

A number of other large investors have also recently modified their holdings of HURN. LPL Financial LLC increased its holdings in Huron Consulting Group by 53.4% during the fourth quarter. LPL Financial LLC now owns 3,843 shares of the business services provider's stock valued at $478,000 after buying an additional 1,338 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Huron Consulting Group by 29.6% in the 4th quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock valued at $12,555,000 after acquiring an additional 23,059 shares during the period. Norges Bank bought a new position in shares of Huron Consulting Group in the 4th quarter worth $7,427,000. Wellington Management Group LLP lifted its stake in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after purchasing an additional 4,946 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Huron Consulting Group by 60.5% during the fourth quarter. Alliancebernstein L.P. now owns 31,468 shares of the business services provider's stock valued at $3,910,000 after purchasing an additional 11,860 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $68,370.00. Following the completion of the transaction, the director owned 51,817 shares of the company's stock, valued at $7,085,456.58. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joy Brown sold 668 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the sale, the director directly owned 8,896 shares in the company, valued at $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,208 shares of company stock worth $310,606 in the last 90 days. Insiders own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Huron Consulting Group Stock Down 7.6%

Huron Consulting Group stock traded down $10.10 during midday trading on Friday, reaching $121.98. The company's stock had a trading volume of 502,393 shares, compared to its average volume of 152,043. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.29 and a beta of 0.26. The stock's 50-day simple moving average is $136.45 and its 200-day simple moving average is $138.40. Huron Consulting Group Inc. has a 52-week low of $101.73 and a 52-week high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 24.90%. The company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same period last year, the business earned $1.68 EPS. Huron Consulting Group's revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts expect 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.