GAMMA Investing LLC Raises Position in Huron Consulting Group Inc. (NASDAQ:HURN)

GAMMA Investing LLC grew its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 19,721.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,902 shares of the business services provider's stock after buying an additional 10,847 shares during the quarter. GAMMA Investing LLC owned 0.06% of Huron Consulting Group worth $15,640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HURN. Wellington Management Group LLP raised its holdings in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock valued at $67,503,000 after acquiring an additional 4,946 shares in the last quarter. Sunriver Management LLC raised its holdings in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after purchasing an additional 64,862 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Huron Consulting Group by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock worth $31,931,000 after purchasing an additional 6,338 shares during the last quarter. Finally, Northern Trust Corp grew 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 worth $31,922,000 after purchasing an additional 23,392 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $0.07 during mid-day trading on Tuesday, reaching $140.09. 225,009 shares of the stock were exchanged, compared to its average volume of 153,784. The stock has a market capitalization of $2.42 billion, a P/E ratio of 30.45 and a beta of 0.30. Huron Consulting Group Inc. has a 1 year low of $94.31 and a 1 year high of $155.00. The company has a 50 day simple moving average of $143.75 and a 200-day simple moving average of $135.54. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. The business had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HURN has been the topic of a number of analyst reports. Truist Financial raised their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research boosted their target price on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Benchmark restated a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $170.75.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the sale, the director now directly owns 8,896 shares in the company, valued at approximately $1,332,087.04. The trade was a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the transaction, the director now directly owns 56,279 shares of the company's stock, valued at $8,400,766.33. This trade represents a 13.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,593 shares of company stock valued at $4,002,316. 2.15% of the stock is owned by company insiders.

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.