Alberta Investment Management Corp Has $4.13 Million Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

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 boosted its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,799 shares of the business services provider's stock after purchasing an additional 6,113 shares during the quarter. Alberta Investment Management Corp owned approximately 0.17% of Huron Consulting Group worth $4,131,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HURN. Heck Capital Advisors LLC bought a new stake in Huron Consulting Group in the fourth quarter valued at about $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at approximately $35,000. CWM LLC increased its holdings in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after acquiring an additional 146 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC lifted its stake in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HURN. Barrington Research boosted their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Huron Consulting Group Stock Performance

HURN stock traded up $1.17 during mid-day trading on Wednesday, reaching $129.06. The company had a trading volume of 63,452 shares, compared to its average volume of 204,564. Huron Consulting Group Inc. has a one year low of $101.73 and a one year high of $155.00. The stock has a market capitalization of $2.23 billion, a P/E ratio of 22.52 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 stock's 50-day simple moving average is $135.49 and its two-hundred day simple moving average is $138.40.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $402.67 million. During the same period last year, the firm posted $1.68 EPS. Huron Consulting Group's quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Activity

In related news, Director Joy Brown sold 668 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the transaction, the director directly owned 8,896 shares of the company's stock, valued at $1,332,087.04. This represents a 6.98% decrease in their position. The sale was disclosed in a filing with the SEC, 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 value of $142,209.60. Following the sale, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. The trade was a 11.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,708 shares of company stock valued at $375,161. Insiders own 2.15% of the company's stock.

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.