Huron Consulting Group Inc. (NASDAQ:HURN) Stock Position Raised by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Huron Consulting Group by 26.9% during the first quarter, acquiring an additional 6,113 shares, bringing its total ownership to approximately 0.17% valued at $4.13 million.
• Analyst ratings for Huron Consulting Group include a downgrade from "buy" to "hold" by Wall Street Zen, while Barrington Research increased the target price to $173.00 with an "outperform" rating.
• Huron Consulting Group's stock has declined by 7.6%, with a current share price of $121.98, and it reported a quarterly EPS of $1.89, beating analyst expectations.

Alberta Investment Management Corp increased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,799 shares of the business services provider's stock after buying an additional 6,113 shares during the quarter. Alberta Investment Management Corp owned about 0.17% of Huron Consulting Group worth $4,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HURN. Sowell Financial Services LLC acquired a new stake in shares of Huron Consulting Group in the first quarter valued at $203,000. KBC Group NV acquired a new stake in shares of Huron Consulting Group in the first quarter valued at $128,000. Lisanti Capital Growth LLC acquired a new stake in shares of Huron Consulting Group in the first quarter valued at $4,626,000. Teacher Retirement System of Texas lifted its holdings in shares of Huron Consulting Group by 32.5% in the first quarter. Teacher Retirement System of Texas now owns 31,781 shares of the business services provider's stock valued at $4,559,000 after buying an additional 7,788 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Huron Consulting Group in the first quarter valued at $760,000. Institutional investors own 93.90% of the company's stock.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,040 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $142,209.60. Following the transaction, the director owned 8,162 shares in the company, valued at $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the sale, the director directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,208 shares of company stock valued at $310,606. Corporate insiders own 2.15% of the company's stock.

Huron Consulting Group Trading Up 3.7%

Shares of NASDAQ HURN traded up $4.57 during mid-day trading on Monday, hitting $126.55. 276,559 shares of the company traded hands, compared to its average volume of 205,386. Huron Consulting Group Inc. has a 1 year low of $101.73 and a 1 year high of $155.00. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 22.09 and a beta of 0.26. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $136.45 and a two-hundred day moving average of $138.48.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.10. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HURN has been the subject of several research analyst reports. Barrington Research upped their price objective 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 downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

About Huron Consulting Group

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.