UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,275 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 480,375 shares of the business services provider's stock after selling 9,275 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.71% of Huron Consulting Group worth $59,691,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC boosted 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 buying an additional 122 shares during the period. Xponance Inc. purchased a new stake in shares of Huron Consulting Group in the 4th quarter valued at approximately $204,000. Cibc World Markets Corp acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $204,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter worth approximately $209,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the transaction, the director now directly owns 55,688 shares of the company's stock, valued at $8,416,127.44. This represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the sale, the chief executive officer now owns 81,118 shares of the company's stock, valued at $11,835,927.38. The trade was a 25.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,407 shares of company stock valued at $9,393,827. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Stock Performance

HURN stock traded up $0.68 during trading on Friday, hitting $142.36. 65,335 shares of the company's stock traded hands, compared to its average volume of 153,934. Huron Consulting Group Inc. has a 52 week low of $85.35 and a 52 week high of $155.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $144.03 and a two-hundred day moving average price of $134.33. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 30.83 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wedbush upped their price objective on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.