Free Trial

CenterBook Partners LP Reduces Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Huron Consulting Group logo with Business Services background

CenterBook Partners LP decreased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 11.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,109 shares of the business services provider's stock after selling 4,848 shares during the quarter. CenterBook Partners LP owned approximately 0.22% of Huron Consulting Group worth $5,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HURN. Charles Schwab Investment Management Inc. boosted its stake in Huron Consulting Group by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 205,376 shares of the business services provider's stock worth $25,520,000 after purchasing an additional 3,783 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter worth about $1,301,000. Avantax Advisory Services Inc. purchased a new position in shares of Huron Consulting Group during the fourth quarter worth about $213,000. Cibc World Markets Corp bought a new stake in Huron Consulting Group in the 4th quarter worth approximately $204,000. Finally, William Blair Investment Management LLC lifted its position in Huron Consulting Group by 2.5% in 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 buying an additional 6,338 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Down 1.5%

HURN stock traded down $2.03 during midday trading on Friday, hitting $130.27. The stock had a trading volume of 142,616 shares, compared to its average volume of 205,771. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 19.53 and a beta of 0.28. The business has a 50-day moving average of $140.68 and a two-hundred day moving average of $137.79. Huron Consulting Group Inc. has a 52-week low of $101.73 and a 52-week high of $155.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. The firm had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the transaction, the director owned 8,896 shares of the company's stock, valued at approximately $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,040 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares in the company, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock valued at $377,421 over the last ninety days. 2.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a research report on Wednesday, March 26th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush boosted their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Finally, Barrington Research boosted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $170.75.

View Our Latest Research Report on Huron Consulting Group

About Huron Consulting Group

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

Should You Invest $1,000 in Huron Consulting Group Right Now?

Before you consider Huron Consulting Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huron Consulting Group wasn't on the list.

While Huron Consulting Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without
Palantir & AMD Earnings: Massive Options Setups Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines