Bosun Asset Management LLC Acquires 2,916 Shares of 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 boosted its position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 78.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,645 shares of the business services provider's stock after purchasing an additional 2,916 shares during the period. Bosun Asset Management LLC's holdings in Huron Consulting Group were worth $953,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Huron Consulting Group by 0.9% during the fourth 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. Invesco Ltd. grew its holdings in Huron Consulting Group by 7.9% during the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after acquiring an additional 20,680 shares during the last quarter. Nuveen LLC acquired a new position in Huron Consulting Group in the 1st quarter valued at approximately $38,511,000. Northern Trust Corp raised its stake in shares of Huron Consulting Group by 10.0% during the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock valued at $31,922,000 after acquiring an additional 23,392 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its holdings in shares of Huron Consulting Group by 0.7% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after purchasing an additional 1,760 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Trading Down 0.9%

NASDAQ HURN traded down $1.27 during trading hours on Tuesday, hitting $138.04. 63,280 shares of the company's stock were exchanged, compared to its average volume of 204,668. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 24.10 and a beta of 0.32. The stock has a 50-day simple moving average of $134.54 and a 200 day simple moving average of $139.87. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. The firm had revenue of $402.50 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total transaction of $275,020.00. Following the transaction, the director owned 41,304 shares in the company, valued at approximately $5,679,713.04. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mccartney sold 500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total value of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares of the company's stock, valued at $6,921,783.57. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,211 shares of company stock valued at $967,191. 2.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on HURN shares. Barrington Research increased their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $171.50.

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.