Teachers Retirement System of The State of Kentucky Sells 2,907 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,389 shares of the business services provider's stock after selling 2,907 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Huron Consulting Group worth $1,634,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HURN. Franklin Resources Inc. increased its holdings in Huron Consulting Group by 16.4% in the fourth 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 in the last quarter. Norges Bank purchased a new position in Huron Consulting Group in the fourth quarter worth $7,427,000. Sunriver Management LLC raised its stake in shares of Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after buying an additional 46,968 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Huron Consulting Group by 27.4% in the first quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider's stock valued at $25,455,000 after buying an additional 38,163 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Huron Consulting Group by 58.7% in the fourth quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock valued at $11,540,000 after buying an additional 34,353 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HURN shares. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research upped their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Stock Performance

Shares of HURN stock traded up $1.01 on Friday, reaching $133.49. The stock had a trading volume of 97,120 shares, compared to its average volume of 156,540. The stock has a market cap of $2.30 billion, a P/E ratio of 20.01 and a beta of 0.28. Huron Consulting Group Inc. has a 1 year low of $101.73 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. The company has a 50 day simple moving average of $138.86 and a 200 day simple moving average of $138.06.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released 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 firm 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 24.68% and a net margin of 7.88%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS. Equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Transactions at Huron Consulting Group

In related news, Director Joy Brown sold 668 shares of Huron Consulting Group 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 transaction, the director directly owned 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 is accessible 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 transaction, the director owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock worth $377,421 in the last ninety days. Insiders own 2.15% of the company's stock.

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.