Huron Consulting Group Inc. (NASDAQ:HURN) Holdings Lifted by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS boosted its stake in Huron Consulting Group by 39.0%, acquiring an additional 2,300 shares to own a total of 8,200 shares valued at approximately $1,176,000.
• Huron Consulting Group reported $1.68 earnings per share for the latest quarter, exceeding analyst estimates and reflecting an 11.2% increase in revenue year-over-year.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Huron Consulting Group, with an average price target of $170.75.

KLP Kapitalforvaltning AS lifted its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 39.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,200 shares of the business services provider's stock after buying an additional 2,300 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Huron Consulting Group were worth $1,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HURN. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group in the fourth quarter worth $33,000. Opal Wealth Advisors LLC bought a new stake in Huron Consulting Group in the first quarter valued at approximately $35,000. CWM LLC boosted its holdings in Huron Consulting Group by 55.9% in the first 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. Tower Research Capital LLC TRC grew its position in shares of Huron Consulting Group by 27.3% during the 4th 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. Finally, USA Financial Formulas acquired a new stake in shares of Huron Consulting Group during the 1st quarter worth approximately $114,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Trading Up 0.1%

Shares of NASDAQ:HURN traded up $0.18 during trading on Thursday, hitting $132.11. The company had a trading volume of 55,501 shares, compared to its average volume of 201,517. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.08 and a quick ratio of 2.08. The company has a fifty day simple moving average of $137.73 and a two-hundred day simple moving average of $138.35. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 19.81 and a beta of 0.28. Huron Consulting Group Inc. has a one year low of $101.73 and a one year high of $155.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HURN. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Barrington Research raised 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Insiders Place Their Bets

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction on 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. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,208 shares of company stock valued at $310,606. 2.15% of the stock is owned by company insiders.

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.