Huron Consulting Group Inc. (NASDAQ:HURN) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 19,721.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,902 shares of the business services provider's stock after acquiring an additional 10,847 shares during the period. GAMMA Investing LLC owned about 0.06% of Huron Consulting Group worth $15,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised 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 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% during the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock worth $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after acquiring an additional 64,862 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Huron Consulting Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock worth $31,931,000 after acquiring an additional 6,338 shares in the last quarter. Finally, Northern Trust Corp raised its holdings 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 acquiring an additional 23,392 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Huron Consulting Group Trading Up 0.6%

Shares of NASDAQ:HURN opened at $142.98 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of 31.08 and a beta of 0.30. The stock's 50-day moving average is $144.05 and its 200-day moving average is $135.20. Huron Consulting Group Inc. has a 52-week low of $94.00 and a 52-week high of $155.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

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, beating the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $1.23 earnings per share. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analysts Set New Price Targets

HURN has been the topic of several recent research reports. 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 report on Monday, May 5th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Benchmark restated a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wedbush raised their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

Insider Buying and Selling

In related news, Director Joy Brown sold 668 shares of Huron Consulting Group stock in a transaction dated 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 of the company's stock, valued at $1,332,087.04. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 8,642 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the sale, the director now directly owns 56,279 shares in the company, valued at $8,400,766.33. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,593 shares of company stock valued at $4,002,316 over the last three months. 2.15% of the stock is owned by corporate 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.

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