Bosun Asset Management LLC Boosts Position in Huron Consulting Group Inc. $HURN

Key Points

• Bosun Asset Management LLC increased its stake in Huron Consulting Group by 78.2%, owning 6,645 shares valued at approximately $953,000, as reported in their latest SEC filing.
• Huron Consulting Group recently reported earnings of $1.89 per share, exceeding analyst expectations, along with a year-over-year revenue increase of 8.3% totaling $402.50 million.
• Wall Street analysts have given Huron a consensus rating of "Buy" with an average target price of $171.50, although one analyst downgraded the stock from a "buy" to a "hold".

Bosun Asset Management LLC lifted its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 78.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,645 shares of the business services provider's stock after acquiring an additional 2,916 shares during the quarter. Bosun Asset Management LLC's holdings in Huron Consulting Group were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HURN. Quarry LP bought a new stake in shares of Huron Consulting Group in the first quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group in the first quarter worth approximately $35,000. CWM LLC grew its stake 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 worth $58,000 after acquiring an additional 146 shares during the period. Finally, Vestcor Inc bought a new stake in shares of Huron Consulting Group in the first quarter worth approximately $60,000. 93.90% of the stock is currently owned by institutional investors.

Insider Activity at Huron Consulting Group

In other news, insider Kyle Featherstone sold 375 shares of Huron Consulting Group 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 transaction, the insider directly owned 1,311 shares of the company's stock, valued at $177,942.03. The trade was a 22.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of Huron Consulting Group stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the sale, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,211 shares of company stock valued at $967,191. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Trading Down 2.7%

Shares of HURN traded down $3.88 during midday trading on Friday, hitting $141.27. The stock had a trading volume of 209,524 shares, compared to its average volume of 197,196. Huron Consulting Group Inc. has a 1 year low of $102.58 and a 1 year high of $155.00. The stock's 50 day moving average is $134.50 and its 200 day moving average is $139.68. The firm has a market cap of $2.45 billion, a PE ratio of 24.65 and a beta of 0.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HURN shares. Barrington Research raised their price objective 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 downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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.